TRX - Slow and easy trade#TRX/USDT #Analysis
Description
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+ Price has hit the support line and successfully bounced back from it with a long wick.
+ Overall trend is looking strong and we can expect the price to hit the next resistance line
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VectorAlgo Trade Details
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Entry Price: 0.1262
Stop Loss: 0.1156
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Target 1: 0.1298
Target 2: 0.1333
Target 3: 0.1391
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Timeframe:
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
TRON
Rebounding from the support levelTRON is currently rebounding from the support level, but the upcoming resistance levels could hinder further price growth. Examining these key levels can provide a better understanding of future market behavior.
Support Levels:
$0.1190 Level: This level acted as initial support and the price has rebounded from it.
$0.1120 Level: The second support level, acting as a stronger backup.
Resistance Levels:
$0.1260 Level: This level acts as the first resistance and might prevent further price growth.
$0.1300 Level: The second resistance level, breaking which could indicate a trend change.
$0.1370 Level: The final resistance level, reaching which could confirm a new upward trend.
Tron (TRX) completed a setup for upto 20.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX).
Previously we caught 10% pump of TRX as below:
Now on a daily time frame, TRX with Bitcoin pair has formed a bullish Cypher move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Is TRXUSDT About to Skyrocket? Potential Bullish Move Ahead!Yello Paradisers! Have you noticed how #TRXUSDT is following the symmetrical triangle trajectory? This indicates a high probability of a bullish move!
💎TRXUSDT has consistently followed this pattern. Currently, a bullish double bottom pattern is forming at the support zone around $0.11050. If the price sustains its momentum, there's a great chance it will make a bullish move above the supply area.
💎Watch for the price to sustain momentum here for a bullish breakout at support $0.11050. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $0.10759.
💎Should TRXUSDT break below the strong support at $0.10759, it would invalidate the bullish outlook, leading to a significant price drop.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest-probability trading opportunities. Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
TRX → be sure! buy it!hello guys...
I think TRX will be bullish for these reasons:
1- it made a quasimodo pattern!
2- it is on the flip area!
3- It somehow reacted to the bottom line of the channel!
the target will be $0.133 and $0.19.
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TRX (TRON): Overbought at ResistanceTrade setup : Price is in an Uptrend. It made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. It's now approaching $0.145 resistance and getting overbought (RSI > 75), hence, we could see some profit taking in this area. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.145 to signal continuation of uptrend, or 2) pull back near $0.12 support for another swing trade entry in Uptrend with +20% upside potential back to $0.145.
Pattern : Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is Overbought currently, based on RSI-14 levels (RSI > 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.145.
TRON Technical Analysis in 8-hour TimeframeTRON has shown rejection, forming a resistance trendline at $0.1304. Currently, it is close to the 100 EMA support level, with the CMP at $0.124.
If TRX fails to hold this 100 EMA, then we will possibly see a downfall toward the lower supporting trendline at around $0.113.
Be cautious with your trades and stay away from leverage trading for now.
Not financial advice.
Trade safely.
#TRX #trxusdt
TRON Breakout And Potential RetraceHey Traders, in today's trading session we are monitroing TRXUSDT for a selling opportunity around 0.12600 zone, TRX was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.12600 support and resistance area.
Trade safe, Joe.
Is #TRXUSDT Set for a Bullish Breakout? Don’t Miss This Key MoveYello, Paradisers! Have you been tracking #TRXUSDT lately? It’s showing some strong signals that could lead to a major bullish continuation. Let’s dive into the details!
💎After a careful analysis of #TRON's price action, we’ve observed a promising pattern. For a long time, NASDAQ:TRON has been adhering to a descending trendline. Recently, it has successfully retested this descending resistance, indicating a potential bullish move. If #TRX breaks above the $0.11806 resistance and sustains its momentum, we could see a significant bullish continuation.
💎Due to previous strong bearish pressure, there’s an imbalance in the price. It’s likely that the price might revisit this level to fill the imbalance. If #TRX fails to initiate an upward movement from the retest level, we should look for a bullish rebound from the lower support at $0.11507. However, if the price breaks below the $0.11507 support, this could invalidate the bullish setup and lead to further declines.
Stay disciplined and focused on your trading strategy. If you master these principles, you will already be ahead of most traders.
MyCryptoParadise
iFeel the success🌴
Tron is approaching a significant Support areaHey Traders, in today's trading session we are monitoring TRXUSDT for a buying opportunity around 0.12500 zone, Tron is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.12500 support and resistance area.
Trade safe, Joe.
TRX: Resistance BreakoutTrade setup : Trends are mixed but improving. Price has made Higher Lows (see blue trendline) and broke back above 200-day MA ($0.12) to signal trend reversal to uptrend. If it breaks above $0.125 resistance, it could revisit $0.14 next.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.10. Nearest Resistance Zone is $0.125, then $0.14.
Need to check if the rise can continueHello, traders.
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Have a nice day today.
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(1M chart)
It fell near the Fibonacci ratio 1 (0.13571) and touched near 0.10447 and is currently maintaining the price.
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(1W chart)
The key is which section it deviates from among the support or resistance sections shown on the chart.
The current medium- to long-term trend is maintaining an uptrend, but if it falls below 0.10447, it is judged that it is likely to turn into a downtrend.
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(1D chart)
Therefore, the key is whether the price can be maintained by rising above the sell line of the superTrend indicator.
If not, you should check for support near the box section of the HA-Low indicator on the 1D chart.
You should check whether the price can be maintained by rising above the Fibonacci ratio of 0.786 (0.11732).
The key is whether the price can be formed by maintaining the bottom section near the HA-Low indicator on the 1D chart.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section that is expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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TRX Defies Market Trends: Key Levels and Strategic Insights🔍TRX (Tron) is showing unique behavior amidst market volatility. Here's a detailed analysis to guide your trading decisions.
📆Coin of the Day: TRX (Tron)
About the Project:
TRX is the native cryptocurrency of the Tron network, used for transaction fees on the TRC20 network. It is widely staked, contributing to its relatively stable price movements.
🧩Technical Analysis
4-Hour Timeframe
This analysis focuses on shorter-term trends, identifying critical levels and potential scenarios.
📉Support and Resistance:
Key Supports:
0.11569 (0.382 Fibonacci level) - recently established support after a breakout.
0.11494
0.11104
Key Resistances:
0.11873 (0.618 Fibonacci level)
0.12740 (major resistance and potential trigger for long positions)
📈Bullish Scenario:
Fibonacci Golden Zone: TRX is currently within a major supply zone, which overlaps with the 0.618 Fibonacci level. Breaking above this area could indicate strong bullish momentum.
Targets: Key resistance levels to watch are 0.11873, 0.12438, and 0.12740 (trigger for significant long positions).
📉Bearish Scenario:
Break Below Key Support: If TRX fails to maintain above 0.11569, it could signal a bearish reversal.
Targets: The next support levels are at 0.11494 and 0.11104.
📊Volume and RSI:
Volume Analysis: Recent volume spikes suggest increasing interest, which is critical for sustaining upward momentum.
RSI Analysis:
Current RSI: 61.50, indicating bullish momentum but approaching overbought territory.
💡Key Triggers:
For Long Positions:
Entry Trigger: Break and hold above 0.11873.
Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk.
For Short Positions:
Entry Trigger: Break and retest below 0.11569.
Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly.
👨💻Trading Positions
Long Position
Entry Trigger: Hold above 0.11873 with confirmation from RSI and volume.
Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk.
Short Position
Entry Trigger: Break and retest below 0.11569.
Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly.
📝TRX is demonstrating unique resilience compared to the broader market trends. Traders should closely monitor key levels and volume to determine potential entries and exits. RSI and volume trends will provide additional insights into momentum shifts.
🧠💼Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
TRXUSDT Elliott wave countAbove 0.10475 we are looking to the upside for wave ((5)).
Equality between waves ((1)) and ((3)) could signal an extended wave ((5)).
From the guidelines of alternations, wave ((2)) a running flat correction may signal wave ((4)) ended as a zigzag correction.
Price bounced into the 0.382 fib retracement as usually a wave 4 do it.
Log scale used!!
TRX ( TRON ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
TRX: On the Verge of Breakout - Will Resistance Hold?TRX is going for a re-test at $0.12352, which could allow gathering strength to breach the $0.12809 resistance.
A successful breakout of $0.12809 could catapult TRX towards the $0.13549 mark.
A decline beneath $0.11969, the key daily support, will amplify bearish pressures to $0.10416.
TRXUSDT.1DAnalyzing the daily chart for TRX/USDT, several key technical indicators and support/resistance levels can help inform trading decisions.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.14599 - This level currently acts as the immediate resistance. A breakthrough this point could signal bullish continuation.
Resistance 2 (R2): $0.18044 - This represents a higher target and previous peak that could act as a significant barrier.
Support 1 (S1): $0.09421 - Serving as the nearest support, this level has seen historical price interactions that suggest it might offer substantial buying interest if retested.
Support 2 (S2): $0.04774 - A lower support level, indicating a substantial drop from current levels, yet important in the case of a major bearish turnaround.
Technical Indicators:
Relative Strength Index (RSI): The RSI at 59.87 is moderately high, suggesting that there is still some upward momentum left before reaching overbought conditions (RSI of 70).
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and both are trending upwards, indicating current bullish momentum. However, the proximity of the lines suggests a potential for volatility or a trend change if they start to converge further.
Trend Analysis:
The chart demonstrates a significant upward trajectory following a recent bullish momentum. The key will be whether TRX/USDT can sustain this momentum and break through the resistance at R1. The overall trend from the lows indicates a strong recovery and potential for further upside if the broader market conditions remain favorable.
Conclusion:
Given the bullish indicators and the price's recent behavior, TRX/USDT might be positioned for further gains if it can breach the immediate resistance at R1. Traders might consider taking long positions near current levels or on small retracements towards S1, setting a stop-loss below this support to manage risk.
Conversely, a fall below S1 might suggest a bearish shift, potentially exposing the next support level at S2 for testing. Continuous monitoring of the RSI and MACD will be crucial, as these will provide early signals for any loss in momentum or potential reversals. As always, external factors such as market sentiment and news should also be taken into account to align with overall crypto market trends.
TRXUSDT → Realization of bullish pattern + golden cross BINANCE:TRXUSDT is forming the break of the descending wedge structure, which in general activates the realization of the bullish pattern
On W1 the price is testing one of the key global levels. Consolidation of the price above 0.1184 will be a confirmation of global bullish intentions. Alitcoin has not yet updated the intermediate and global high, which generally determines the long-term prospects for us.
A breakout of 0.12189 range resistance could be a good signal for growth continuation.
Support levels: 0.11788, SMA
Resistance levels: 0.12189
SMA are forming a cross on H4, which is generally a positive signal. A retest of the range resistance may lead to its breakout and further growth to 0.14500.
Regards R. Linda!
Tron TRX price steadily moving up step by step#TRXUSDT price has been showing a clear, probably ‘artificially maintained’ upward trend since the beginning of 2023.
And even now, the AMEX:TRX price is showing a greater rebound than CRYPTOCAP:BTC
What do you think, what is the chance that the #Tron price will show growth to at least $0.14 in the next 1-2 months?
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TRX is pumping. Time to buy? Here is whyTRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at 0.18 USDT. This is where you want to take a profit before a huge bearish correction. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Trading is not hard if you have a good coach!
TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.
The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs.
Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
TRXUSD (TRON) READY TO MELT DOWN!! SELL NOWAs I explain before on my previous analysis on Bonk, i see liquidity going to BITCOIN, hence all altcoin will bleed to downside
Market structure also is in confluence with our technical breakdown of the POC level, Price was drowned into the the point of control level and got rejected we could see price drop from there just like other pairs
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