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TRXUSDT trade ideas

Strategic Short-Term Play: Unveiling Trade Opportunity on TRXHello Traders, I'm excited to share a trade opportunity based on a comprehensive technical analysis. The stochastic RSI, scrutinized across lengths 11, 51, and 101, along with the Traders Dynamic Index (TDI), signals a compelling entry point. Despite the trend going against the larger frame, meticulous analysis supports a short-term gain, with a conservative profit target set at 1.7. Let's seize this opportunity with calculated precision. Happy Trading! with MEXC:TRXUSDT.P will try to Implementing a Break-Even Point to Mitigate Risks and Maximize Gains.
by ama-Beeps
1
Looking for the big shortWe've come to the very end of this crypto cycle, market makers have begun distributing the coins to the retail. I am going over the charts and trying to figure out what token carries the best R:R reward with a short position. TRX and SOL seem like the best candidates, but TRX has an edge, as litigation against the organizer of this scheme will likely start soon. The legal process against J. Sun and his criminal enterprise will surely spook many who have investments in TRX and a myriad of other tokens revolving around J. Sun. With this short, we are looking at a classic FOMO setup which has trapped many bulls at these inflated prices, many with high leverage. Indicators are already showing that distribution is ongoing as market maker have started to sell, and bulls have not been able to pass the 0.107 resistance for a month now while the volume declines. All factors show a high potential in a short position. This alone should cause a correction and leverage the market to at least 0.0825 USDT per token. However, as mentioned before, there is a high chance of legal action against the organizer of this crypto scam and that could cause a deeper correction. If this does happen during the December, TRX could correct down to 0.06250 - which is indeed a target price for this trade. Stay safe and on high alert, this is a highly manipulated market and many exchanges are business partners with J. Sun and his criminal venture.
Short
by Owcheew8
3
TRX/USDT Bullish Potential from Support Zone? 👀🚀TRON Analysis💎 Paradisers, let's focus on #TRXUSDT as it’s currently displaying a compelling pattern. The asset is exhibiting signs that suggest a bullish continuation from its support zone. 💎 Reflecting on #TRON recent market behavior, it has adeptly maneuvered through a descending channel, breaking upwards to signal a positive trend. At present, if TRX successfully retests the key support at $0.10358 and maintains its momentum above this level, there’s a high probability of witnessing a bullish move. 💎 This bullish sentiment is further bolstered by TRX’s strong momentum above the EMA. With sustained upward momentum, AMEX:TRX is likely to aim for the significant resistance at $0.10857. 💎 Additionally, keep an eye out for a possible bullish recovery from a slightly lower support level at $0.10244. However, a break below this level could signal potential difficulties in continuing the bullish trend. 💎 Equally important is being prepared for a shift in market dynamics. If #TRX dips below the $0.10244 support level, it could indicate a notable downward movement in the market. 🌴💰
Long
by MyCryptoParadise
2