Tron (TRX) Mainnet Launch Trading PlanSignals:
-Tron managing to hold 480-500 satoshi level, seems to be very strong support level.
-RSI holding above 40, indicating price strength.
-Tron seemingly being kept up by whales, evident by huge buy orders near 500 sat range as well as pumps keeping TRX at support levels.
How to trade:
-Buy in 480-530 sat level (Likely will not drop past 480, which seems to be major support)
Sell points:
- 600 satoshi level
- 677-700 satoshi level
- 774-800 satoshi level
- 835 satoshi level
- 900 satoshi level (unlikely)
When to sell:
Sell after the TRX founder has launched the first official mainnet announcement (likely on May 21st) , with the intent of buying back in after a ~10% correction.
Sell 2-3 days before the official mainnet launch, as there was huge sell pressure 2 days before the testnet launch.
If you want to keep your TRX position, buy back in at least a week after the pump, at the support levels.
*It is important to note that if TRX does break past the red resistance boxes, they will likely become support levels, evident from my test net TA that you may view in my profile.
This TA is very basic as this is an early call. Thank you for reading & please criticize my TA's with ways I can improve so I can bring more value to the community in my future charts.
Xzhi
