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TrueFi / TetherUS

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TRUUSDT trade ideas

Truefi $TRU Fundamental and Technical play1. Overall Trend: The chart shows that NYSE:TRU has been in a general downtrend, as indicated by the descending trendline connecting the series of lower highs. However, more recently, there seems to be an upward movement suggesting a potential trend reversal. 2. Support and Resistance: The horizontal lines represent potential support and resistance levels. These are price points where the price has historically found a floor (support) or ceiling (resistance) and reversed direction. 3. Recent Price Action: The price has recently broken above the descending trendline, which is typically considered a bullish signal. If the price can maintain above this line, it might suggest a change in the underlying market sentiment. 4. Volume: The volume seems to be stable or slightly increasing with the recent price rise. Increasing volume during a price rise is often interpreted as a confirmation of the upward trend. 5. Potential Reversal Indicators: The break above the descending trendline and the formation of what appears to be higher lows and higher highs on the most recent price movements could indicate a reversal from the prior downtrend. 6. Future Price Trajectories: The diagonal lines that extend into the future suggest potential trend lines or targets. If these represent anticipated support or resistance levels, the price may experience significant interaction at these points.
Long
by AvaQara
TrueFi TRU long medium-term trade #20Today our attention was drawn to TrueFi TRU. We think we understand the logic of the behavior of buyers and sellers in this asset. So, let's try to take a position for a medium-term trade on the following conditions: Entry: in the range of $0.034-0.0358 (the desired average price is $0.0349) Stop: $0.0318 (-8.88%) Take profit: $0.0628 (+80%) P/L ratio - 9/1 We allocate $5,000 for TRUUSDT trade, because the coin is highly volatile In the event of a mistake, we will lose $450 If the trade will be a success, we will receive a profit of $4000
Long
by P_S_trade
32
📊#TRU 's potential smiley put structure, worth keeping an eye🔥🧠With the end of the rally, we have formed a potential smiley bearish structure in the consolidation process, and if this bearish structure holds, there is a high probability that we will reach the buying area. A healthy pullback makes the next rally more explosive. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
1
TRU/USDT bullish ride? 👀 🚀 TRU Today analysis💎 Paradisers, gear up to delve into TRUUSDT as it showcases a captivating trajectory within the demand zone, hinting at a heightened likelihood of an upward trend. 💎 Following its recent breakout from the descending channel trendline, TRU is poised with the potential to approach the supply level at .03760. 💎 The VRVP's diminished volume at this juncture suggests a probable continuation of the bullish trend from the demand zone at .03460, where a surge in volume indicates a potential pivot in momentum. 💎 On the flip side, should the price descend below the demand zone, the scales tip towards increased chances of a bearish shift. Stay attuned to these evolving dynamics!
Long
by MyCryptoParadise_Simon
TRU/USDT 1D. Secondary trend. Local accumulation range.TrueFi/USDT 1D. Local and secondary trends. In the main trend - downtrend channel was formed. You can check this if move chart to the left in the main idea. This channel was broken up in winter 2023, when there was local pump on all crypto market. At that time, price pumped 360% to 0.13$ zone and from the the pullback has started. It formed quite an aggressive downtrend, which has been broken Jun 2023. After that falling wedge started to form. The support lvl was formed at 0.0323$, while the decline lasts for 232 days as for now, just an interesting point. Price formed the range with, as already mentioned, support at 0,0323$ and resistance at 0,0392$(14 - which is "balance"). Price has deviated this ranged locally - reaching the minimums of winter 2022-2023 - then turning back to the range. Now, the price is near the resistance zone locally. During all that secondary downtrend we've seen 2 volume spikes - 1 on Jun 1 2023, other on Aug 21. As for now the price is consolidating in quite a small range of 25%. It has also broken the resistance of the falling wedge locally. All the details are on chart. If market allows - locally we can reach the middleterm resistance zone, shown on chart. It's 0.0609$ to 0.0777$ zone. Very logical resistance in terms of numbers. It may happen only if we break and hold above 0.0392$ lvl zone(current range resistance). Everything is with accordance to the market tendency. Linear chart is for the clarity(no shadows of candles). Percent to the resistance zones are shown. There has been also the retest of the broken local falling wedge(on chart).
Long
by TradingTsar
truusdt-mentoringtruusdt-no more fundamental thoughts - only speculating weekly - RR possibale 3.5x formating W pattern look for small long scalps until 374 look for small short scalps until 287 look for short if rejects and close under 374 look for long if close above 394 look for long if retrace from 287 look for short if close under 264 *** Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles- F.M.dostoyevsky
by justclueless123
#TRUUSDT's Potential Uptrend with Fibonacci Play💎Today's spotlight is on #TRUUSDT. The token has recently anchored its support at the $0.030 mark, aligning nearly perfectly with the 78.6% Fibonacci retracement level. Before this stabilization, #TRU sketched out a double bottom pattern. This pattern, followed by a surge past the local resistance, hints at a possible trend reversal. 💎 What does this mean for traders? The scales now seem to tip towards an upward correction. As long as the price stays comfortably above the double bottom region, specifically above the $0.026 trough, we can anticipate a robust upward pullback. 💎 On the resistance front, our eyes are set on another 78.6% Fibonacci retracement level at $0.037. This level intriguingly mirrors the downtrend trendline, making it a key point of interest. 💎 However, a word of caution: The MCP team remains vigilant about today's low, marked by the Fibonacci bounce. A descent below this point might cast shadows on the prospective upward correction.
Long
by MyCryptoParadise
TrueFi (TRU) - Bullish divergence On the above daily chart price action has corrected 95% since last August. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal prints. 2) Regular bullish divergence. 10 oscillators are currently printing bullish divergence over a 30 day period. 3) Price action and RSI resistance breakout. Look left! 4) Everything that was said above holds true for the daily BTC pair (below). 5) On 'what if' list. Don't know what I mean? Shame. Is it possible price action falls further? For sure, Is it probable? no. WW Ps, not trading this. If I have time, ask below for updates. Type: trade Risk: <=6% of portfolio Timeframe: 1 to 3 months, seriously. Return: 10 1-day BTC chart What if chart
Long
by without_worries
40