TRX
Shorting TRX (Risky Trade)We have a Risky trade for you all, up to 10x leverage , which can turn out to be a great call for those of you that have a higher risk tolerance. The trading set up that we have for you is:
Short TRX x10
HIGH RISK
Entry: 0.0900
SL: 0.0925
TP1: 0.0877
TP2: 0.0865
TP3: 0.0856
Tron vs Tether Long-Term (115% Potential to All-Time High)TRON has been printing higher lows vs Tether (TRONUSDT) since March 2020; we have a bullish chart setup.
TRXUSDT price remains trading above EMA100/50/10.
We have the highest volume ever this month of May.
We have a strong RSI as well and a total potential of 115% to its all time high.
The main support levels go as follow:
1) 0.075200 short-term.
2) 0.064825 main support for the current move.
3) 0.046376 long-term support.
You can stay 100% bullish above 0.075200.
Below this level things can change but the bullish bias remains strong above 'main support'.
That is all.
I hope you find this information useful and it helps you maximize profits.
I am wishing you tons of success, great health and lots of wealth.
Namaste.
TRX on the way to 0.12$TRON is in an ascending Triangle which is a Pretty Good and Obvious Bullish Sign! The Price will Be Starting To Pump Heavily once The Break out Happens! The Expected Price for Break out is around 0.088$ and It would Reach 0.12$ (The Price will Increase as much as the Measured Price Movement AB=CD)
-TRX is in an Ascending Triangle
-No Break out yet
-Break out will Happen 0.088$
-Price will reach 0.12$
-(AB=CD)
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Thank you for seeing idea .
Have a nice day and Good luck
Tron’s TRX Burn Total Exceeds 7.7 TrillionThe Tron network has figured out how to beat the remainder of the digital forms of money in the midst of the as of late expanded bear pressure. Tron's local token TRX has flooded by more than 25% in the beyond 30 days. In a bid to help this increment the organization is continually executing different consumes.
Very nearly 300 million TRX consumed
Justin Sun, Tron's head, informed that another very nearly 300 billion TRX tokens have been shipped off a dead wallet. The exchange was worth around $24 billion. The token is exchanging at a typical cost of $0.079, at the press time. According to the Tron people group, in excess of 385 billion coins were singed on May 26, 2022, to back the cycle.
In the mean time, two other comparative exchanges were recorded by the Whale Alert as of now. More than $14.9 billion worth of 184 billion Tron tokens were moved to an obscure wallet. Notwithstanding, Tron hasn't asserted that these exchanges were important for their consume cycle.
Commercial
The Tron network has guaranteed that they are in a condition of flattening. This statement comes in as they have sent around 7.7 trillion TRX tokens to a dead wallet in only 30 weeks. The Tronscan referenced that TRX consumed comparing to the decentralized stablecoin USDD crossing 7.2 trillion tokens. Nonetheless, Sun looks hopeful as he holds back nothing trillion TRX consume mark.
May saw enormous consume exchanges
According to the information, the TRX consuming cycle saw an enormous spike in the long stretch of May. The spikes proceeded to contact the 1 trillion symbolic consume level two times this month. May 5, 2022, saw the send off of one more stablecoin USDD upheld by TRX. Nonetheless, the USDD has likewise outperformed a major milestone. The stablecoin has figured out how to fabricate a course of more than $600 billion. This huge achievement has come in the midst of the new Terre LUNA and UST memorable accident.
Tron Price Analysis — May 25Tron retraced from the $0.0830 barrier on Wednesday as the broader crypto market took a bearish turn in the London session. The thirteenth-largest cryptocurrency has now fallen to the $0.0800 support line.
While the overall bias behind TRX is bullish, we could see a bearish decline below the $0.0800 level in the near term, albeit a likely brief one. This is due to the repeated failure of the crypto to breach the $0.0830 since the start of this week.
That said, a sustained break above the $0.0830 barrier in the near term should prompt a bullish rally towards the $0.0900 top.
Meanwhile, my resistance levels are $0.0830, $0.0850, and $0.0880, and my support levels are $0.0800, $0.0780, and $0.0760.
Total Market Capitalization: $1.25 trillion
Tron Market Capitalization: $7.6 billion
Tron Dominance: 0.6%
Market Rank: #13
TRX one of the strongest coin in the marketI am very interested in tron. Justin"s coin looks like it wants higher... 3D chart shows us that price is slightly below resistance which was tested 5x times already in past year... if this break up - we can see double digits gains. MANAGE YOUR RISK
NOT FINANCIAL ADVICE
TRXUSDT- 1W SETUPTRXUSDT price held the long-term support for one Month and closed above EMA 21. Bulls looked in accumulation mode as they did well by holding the nerves and did not panic sell. So it is giving a good feeling about upcoming sessions that if a breakout happened we could see a massive rally upward. So keep accumulating at these levels.
TRX Is Stuck between 0.033$ and 0.11$TRX is in a Descending Triangle. This Pattern is Pretty Visible on The WHITEBIT Exchange Chart and we can Be Sure Of a Big movement Pretty Soon. We can Expect the Price to be Bearish and That It would Decrease to 0.033 $. also there is a Slight chance that the Price would become Bullish and would Start a Bullish Movement From Here and Reach 0.11$ We can not Say For Sure What Is gonna Happen Since the Price Has Not Done a Confirming Movement YET!
-TRX is in a Descending Triangle
-Movement can Be bearish Or Even Bullish.
-0.033 in bearish Case and 0.11$ in Bullish Case.
-wait for Break out.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
TRX the great CN wall of blockchain! TRX has been going up for some time. It is by far the best positioned alt to capture the Asian markets. Overall the fundamental thesis behind this token is very bullish. China focus on keeping control of its web and IT infrastructure places TRX in a prime position. However, it is just as suceptible to the CN and US money printer as any other alt. The current off season pump, is unjustified by macro fundamentals. It is my current opinion it will not last. I will revisit this token at a later date.
is this the buttom and is 0,01 possible target for coming TimeBefore starting with adding this update. know that this coin has a very high risk - it can recover more than we expect, at the same time it can be worth noting - so don't invest all your money, and even investing do this only with a plan.
The best way how luna can get increased is by burning the coins - and at the same time building a stable system that can work with no futures or connecting to UST.
Burning coins could bring the price to high targets, same time there is some news about Tron support to luna- but we need to confirm this clearly.
again it's not wise to invest full money, but for example, those entering a 50 USD amount what they can miss, could be a possible trade to see how this later will work out.
Nobody can tell you, or know where the price exactly will go, because this does not depend only on trade technical analysis, but also if the company will get out of this or not.
Depending on the trading technical view, there is still hope for a back trend, in this view, it shows that 0,01 are a possible target on the long term, but if there is burning, it can happen in the short term and can increase to higher numbers.