Long

Updated

Tron complete main net trading strategy

It is now not a secret that EVERYONE is expecting another run for tron before the main net release. So my job today is not to tell you it's going up, as it's quite obvious, but to guide you on entry levels and sells.

Right now TRON is experiencing some high selling pressure as we speak. I believe we will maintain the 0.618 fib levels, however, there is a slight possibility of a whales sell off to push you to sell your TRON. It is very important that you do not get affected by this. I have seen this happen over and over, just HOLD.

We are 21 days away from the main net. AION witnessed pumps up to 5 days before the release, so let's count that as 1 week. So we have, in my opinion 1-2 weeks left for an eventual pump. That's a long time in the crypto space, which leads me to believe that price can still go down, or remain in accumulation period. It all depends on today, so I'm monitoring the chart to see.

This is a good entry level for TRON right now, as we are :

- On the lower side of the accumulation triangle
- RSI is near the bottom
- Volume of selloff is going drastically down overtime indicating that holders are stronger than sellers at the moment

Again, there is a chance for it to go down, so if you're interested in an entry point, buy half of your position now, and wait to see if the price drops. If it breaks the fib levels, wait for 760 and buy around that area.

Ok, now that you are in, where do you sell ?

There are conflicting point of views around the sell area. A lot of people are saying this will break all time high, some people say 1400 sats.
The thing is, we don't know. But a safe sell zone is between the area I circled . I will personally sell my TRON 5 days before the main net release.

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Those who sold at 850 sats played into the whales game

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I hope my analysis helped some people in doubt to Hold their tron this morning. It wasn't easy I know, and you always have this fear of it breaking the fib line, but TA is there to guide us a bit and give us better percentages. I rely mostly on fundamental analysis, and I use TA to guide my trades, as should you all.

TA showed me that the selling got exhausted using both volume and RSI indicating a small bullish divergence. The triangle pattern I drew gives me further validation that we are in accumulation phase, along with the news of main net.

Trades with fundamentals behind them, can rarely go wrong!

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Damn, btc triggered the fear sell off. We hold. There's no point in selling, unless it breaks below 830 sats

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Double bottom is at play right now. We are still good and within the triangle. If all things go correctly, we bounce upwards anytime soon. If not, and we break down from the triangle, we can sell and buy back around 760-765.

The preferred would be holding, because we know that in 1 -2 weeks, we'll be above 1000 sats.

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We broke off the triangle. I'm holding, but we're probably heading towards 759

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If it dumps to 683, it's really unhealthy. Let's hope the market calms down a bit, there seems to be a lot of panic selling

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Don't be afraid.
Here is exactly the same scenario that happened in the ZCLASSIC/BTCP hard fork:

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2 scenarios are now presented :

1) If we manage to hold this fib level, our selling zone remains around 1200/1400 sats (example: ZCLASSIC hardfork)
2) If we breakdown towards the 600's, our selling zone will be around 973 sats. ( example ( ETC hardfork )

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Tron held this resistance twice. We recover now towards 850 sats. I'm going to try and trade that level, because I think it will drop back towards the 770 sats. SO I am setting a sell order around 850 sats to increase my tron position.

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Every move bitcoin does, tron does it x2. So it is important to analyze bitcoin to figure out what will tron do.

This is bitcoin's chart :

Regardless if we are in a bear market or a bull market, the next move is a corrective wave upwards. I have counted 4 drops on the previous drop, and now we have hit oversold RSI. We retested bottom and we went back up. Now we recover.

Now, we're going to play it safe, and trade the recovery this way :

Now the thing is, I am certain it's going up. I am also certain that it doesn't keep on going up. When it recovers, it makes a pump, then it consolidates, so we have a chance to accumulate tron.

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This bitcoin drop was really unhealthy, if you look at the chart, it's a straight vertical line, so the corrective way up is going to be just as brutal. The alts fomo will begin when btc breaks 8700.

I believe we will see BTC at 9200/9250. However, we can see it resist around 8800-9000.

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We went up, and we're small bull flagging around the yellow fibonacci line. We did a nice run towards the green fibonacci lines. This is algo trading + people afraid of a drop selling. Generally when we go up, price tries to push up, but many people are afraid of it dropping again, so that results in a small sell off. The sell right now is very healthy, and we can go higher. So for our next pump, the target is around 847-870 depending on how aggressive the bulls are, but we will drop back towards low 800, before making a huge pump towards previous levels ( if the market doesn't not go down more)

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I'm experimenting with the 1 minute chart. I don't advise you to try it, however, I think bots and algorithms use it to trade. I need to conduct further research and see if this really works, if it does, we can beat the bots :)

Will report back today. Target is still between 847- 877 today. You can sell, and buy back at 800

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First target hit. If you sold at 870, feel free to reload, it's holding stronger than I thought

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Update : Idea working as planned

We are now inside the wave 5 pump towards 1100-1500 sats. This is a large area, but since I can't really predict the buying power, it's safe to sell around that.

We have two potential mini targets to reload : the small circles.
You have to understand that these mini targets don't last too much, it will pump, it will consolidate around that area then go up, so the best strategy now is to hold towards final target.

That being said, if, consensus, leads to a massive bitcoin rally, this is not very good for alts. So set a stop loss order.
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Trade update:

We are changing our strategy, I think it is clear that it's going very hard in the next few days. However, just go straight for a sell around the 1000-1100 sats area. Don't get too greedy. It's very risky now

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Tron is weak. I would sell now if there's profit involved

Zebre_Trader

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Zebre_Trader