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Tronlong

TRX to $0.12? Prepare for a Long!TRX continues to march into its current bull channel, pressing on for higher prices. The price just touched the channel resistance and is pulling back, but to what price? We have the previous high in the channel at $0.095 then the 30EMA and bull channel support around $0.09. How do we trade this? We're in a bull channel, which means our probability of profit is higher if we long. If you longed at the channel support every time the price made contact, you would make money. Let the trend do the talking and follow it. We should be looking for entries near two key support levels: the 30EMA and bull channel support, which is around $0.09. Do we simply long when that price is hit? Absolutely not. Wait for a strong bull signal bar closing on or near its high at those levels, confirming that the support is still being respected. Once you see that bounce, it's reasonable to enter a long, place a protective stop just below the channel support, and set your take profit somewhere in the top 20% of the channel as shown in my analysis. This gives you a 1:3 Risk/Reward ratio, meaning you could run this trade 10 times, hit your take profit 30% of the time, and still be profitable. Bitcoin is also at risk of pulling back since it's near Weekly resistance; see my recent analysis for reference. TRX RSI is also around 70.00 which is a weak indicator on its own, but supports the previous data points mentioned here. Key Points 1. Bull Channel. Look for Long Entries. 2. Channel Resistance Touched. Pullback in Progress. 3. Bitcoin Leading Indicator, Risk of Pullback. 4. RSI near 70.00, Plenty of Room to Fall. 5. Look for Bull Signal at Weekly 30EMA. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
BINANCE:TRXUSDLong
by TraderEngineering
TRON (CRYPTO): ...is possible a "X2" (+100%) in medium term?Hi everyone! The answer is very simple: YES!!! That said, Tron has shown some major consolidation over the past few months, but at the same time, it has kept the main trend sideways. If we look at the daily chart, the trend of last few weeks still keeps this crypto under pressure, but at the same time, we think it might be interesting to use an accumulation strategy, so let's say we'll do something like "buy the dip" in short and medium term. Our first target we showed on chart and if our analysis is correct, Tron could do something very similar to +100%.... If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below. Please... trade with care! 💖
KRAKEN:TRXUSDLong
by TheAnonymousBanker
1
TRX/USDT: AT THE RESISTANCE.Welcome folks to my new update on TRX/USDT. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. TRX is trying hard to break above the resistance level. If TRX manages to break this level then I am expecting an 8%-10% rally. A rejection on the other hand will drop the price back to $0.058 where we can have a good buying zone keeping in mind the invalidation point. In both scenarios, I am gonna accumulate TRX. Let's see where the market leads. What do you think about TRX? Let me know in the comments. Do like, and follow for more updates. Thank you.
by Dexter_The_Trader
Tron Coin...22%-26% Push IncomingThere are 2 scenarios that we can run into with TRX/USDT... 1st scenario: TRX/USDT has broken out to the upside of the local trend line and is retesting the trendline. Once/If the price pushes past the current supply showing strong volume this could be the start to a bullish movement with a 22-26% gain towards the overall supply! 2nd scenario: If TRX/USDT breaks below this trendline once again this will be the start to a move towards one of these demand zones. Look for high volume to find the bottom of this possible pullback as well as strong price action. Let me know what you think!
Long
by USBullsBears