trx viewpoin shortHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the trx symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Tron
Trx set to make quick recovery from break to the downside.Back in October 20th I mentioned Tron had a chance to breakout to the downside and if so it will make a quick recovery back to the upside. So far we've had this temporary setback as foretold, and therefore we expect a quick recovery from here on. So far looking promising 👌 😀
Trading opportunity in TRXUSDTBased on technical factors there is a Sell position in :
📊 TRXUSDT Tron
🔴 Sell Now 0.05451
🧯 Stop loss 0.05605
🏹 Target 1 0.05285
🏹 Target 2 0.05065
🏹 Target 3 0.04715
💸RISK : 1%
We hope it is profitable for you ❤️
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Tron TRX price at the start of a strong trend moveTRXUSDT price has been demonstrating one of the longest consolidations since April 2021, 20 months.
You understand that in consolidation: those who believe in growth are always buying at different levels, and those who believe in depreciation TRX are actively selling their portfolio.
So when the TRXUSD price breaks out of this consolidation, there will be a strong and prolonged price movement in one direction.
The ambitious goals of longs are growth to $0.09, and if they are lucky, to $0.13
Benchmarks for shorts - falling to $0.035, and if lucky, to $0.0175
Which scenario Tron price move is closer to your heart? Whose side are you on?
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TRXUSD - Oversold - Small bounceOn the chart, we can see TRXUSD is currently oversold.
This oversold condition is suggesting that the price will bounce up. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands , RSI and Stochastic .
See all further details on the chart.
Goodluck!
TRON, which is expected to promote new business in 2023...Hello?
Traders, welcome.
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Please also click "Boost".
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(TRXBTC 1W Chart)
A rise above 0.0000 0318 is expected to release bullish strength.
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(TRXUSDT 1W chart)
The key is whether the price can stay above 0.05358 to break out of the long-term downtrend channel.
And, ultimately, whether it can rise above 0.06236 is important.
(1D chart)
The key is whether it can rise with support in the 0.05136-0.05358 range.
If not, a decline to around 0.04437 is likely.
Since TRX is issued as a stable coin, a drop in the price of TRX can create a great risk.
(USDDUSDT 1D chart)
Therefore, holders of TRX need to pay attention to USDD's pegging situation.
We are currently airdropping APENFT (NFT) tokens until 2023 to promote new businesses.
Attention is focusing on whether the victory or defeat of the business to be carried out this time can change the fate of TRX.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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TRON (TRX) - November 24Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(TRXBTC 1W Chart)
The range of 0.0000 0259 to 0.0000 0311 is the boundary between rising and falling.
Therefore, if the price stays above 0.0000 0311, it is likely to release upward force.
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(TRXUSDT 1W chart)
The key question is whether it can move above 0.06236 to break out of the long-term downtrend channel.
(1D chart)
The 0.03538-0.04437 interval determines the trend.
Therefore, if it falls, it must rise with support in the 0.03538-0.04437 range.
To turn into an uptrend, the price needs to hold at least 0.05358 higher.
At the same time, as a whole, the price should make a move to break out of the downtrend channel.
Accordingly, the key is whether the price is maintained by rising more than 0.05358 due to the volatility around December 1st.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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TRXUSDT Bullish short-term but still limited.*** ***
For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange .
*** ***
The idea is on the 1D time-frame where TRX has been trading within the Support Zone of the Bear Cycle (0.04460 - 0.05100) ever since the FTX crash. On the bright side it appears that it has found Support and since June 22, every time (4 times in total) it has done so within this Zone, it rebounded aggressively. The obvious limitation is the Lower Highs trend-line that started on the November 15 2021 High, which even though it broke on Nov 05, the price quickly fell below it again, remaining the strongest Resistance right now. Interestingly enough, this is where the 1D MA50 (blue trend-line) is at the moment.
The 1D MA200 (orange trend-line) has been intact since August 18 and after that, the key to a strong rally is the 0.07250 Symmetrical Resistance which has multiple rejections under its belt since January 17 2022.
A bullish signal is the fact that the 1D RSI hit and rebounded within its 23.50 - 30.00 Support Zone, which every time it got hit, initiated a strong rally. As a result, even though a short-term rebound is possible if the market conditions help, it is still limited to the 1D MA50 and the November 15 Lower Highs trend-line. In order for us to call a confirmed buy extension on TRXUSDT , we want to see a candle closing above the 1D MA200 or preferably the 0.07250 Symmetrical Resistance, which can then target with high probabilities the upper Fibonacci levels towards the 0.0930 Resistance that was previously a Double Top (May 09 and June 01 2022).
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Tron TRX - 51% crash very soon!
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
This chart indicates that more blood is coming for the crypto market. It's possible!
I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
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TRXUSD ❕ 6 unsuccessful breakout attemptsAfter unsuccessful attempts to break the downtrend line TRX tests 50EMA as resistance (1H TF)
Trading volumes have declined and the price has approached the lower boundary of the uptrend channel.
I expect a fall after the price fixes under the lower boundary of the channel.
TRX looks really bad if neckline breaksWe've got a descending triangle pattern printed waiting breakout for confirmation.
TRX looks really bad if neckline breaks.
It can go down as much as 75% from the point of the potential breakout, this could imply that USDD could also go bust as Justin Sun fails in saving FTX and end up being the last man boarding titanic.
###NOT FINANCIAL ADVICE###