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TRX reaching 0.5 when? A detailed SynopsisAs per my old analysisI 've mentioned how TRX is going to go 0.5, But many dm'd me why shall it take so time to go? Observe, There are two ways you can take into account of this happening. One cycle of trade, Cycle of trade means Either by this pattern, you can see market is sideways and it happens when big whales hedge their position with spot, Now, I have mentioned iin my 1hr chart the dip, the dip can. be till this point but it wil be a flash dump, means if it falls it can surely comeup to the brim again. 0.2707 is the point of the flashdump, shorts can be initiated if you want to play, but i guess staying long is best keep it hodl. Ideally, The drop is for taking out buyers! HODL TRX. Even all day on dips its heading 7SM support on days which is good. How my doodle works? - I just have seen and experienced so!
Long
by MastaCrypta
6
TRXUSDT rather TRON's Plan to get new ATH!TRON is currently showcasing strong bullish momentum, sitting atop an ascending trendline with signs of a potential breakout above the bear pennant formation. Here’s the breakdown: Current Buy Zones: 1. FOMO Entry: From CMP (0.2111) if you’re bullish and expect a quick breakout. 2. Ideal Buy Zone: Between 0.206 to 0.203, offering better risk-to-reward as it aligns with the lower trendline and strong support zones. Bullish Setup: • Pattern: A bear pennant forming on top of an established uptrend often results in a breakout to the upside. TRON is respecting the ascending supports, indicating buyers are defending key levels. • Volume Profile: Volume is building near the pennant, signaling the possibility of aggressive movement soon. • EMAs (Exponential Moving Averages): Price is comfortably above the EMAs, with the 7EMA acting as immediate support. Targets: 1. First Target: 0.22543 – This is the breakout projection of the pennant and a major resistance area. 2. Second Targets: • 0.245 – A potential consolidation level if momentum persists. • 0.31 – A stretch target if TRON gains strong bullish traction, aligning with historical levels of interest. Risk Management: • Stop Loss: Below 0.203 to protect from invalidation of the bullish thesis. • A breakdown below 0.203 could signal weakness and negate this setup.
BINANCE:TRXUSD.PLong
by MastaCrypta