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TRX

ICP Simple short setup failing to break resistanceSimple short setup on ICP. It has been in a long downtrend for a considerably amount of time as it is a poor fundamental crypto. Combined with market conditions, the recent increase in price action is unsual, leading me to believe it is weak and will fall easily on the next BTC down day. Setup presented as this looks to be reaching resistance, which was previous support. Entered short, will hold for a long time as this could be going way below 6 with prolonged bad market conditions.
Short
by cheliosTD
3
TRXUSDT Consolidation more than 1y and its possible consequencesBefore you is the global chart of TRXUSDT on a 3-day time frame. At a time when most altcoins show a stable downward trend for more than a year, the price of TRXUSD is consolidating in the upper half of the all-time price range. If at the beginning of the consolidation, the price movement in the consolidation was 300%, now the possible price movement within the consolidation triangle is 50%. Further, in the consolidation, "the spring will be compressing" , and this may drag on until the fall, or even until the end of the year. But when it shoots, the impulse will be very strong and long-lasting. The chart shows a strong liquidity zone $0.046-0.052. F or the first time, sellers and buyers actively competed in this zone in May - July 2021. During the May fall in 2022. - the TRX price confidently growing from $0.07 to $0.09, when parallels 90% of alts were mercilessly falling. However, already in June 2022, the TRXUSDT price caught up with the general fall of the crypto market, but a large aggressive buyer did not allow the price to update the minimum from May 2021. (FUD around the stablecoin Usdd) Summarizing : If in the coming days-weeks the TRXUSDT price will not be allowed to fall below $0.06, then know - it is being accumulated by large buyers. The minimum goal for growth is $0.09, and if it breaks higher, the Tron price will be able to fly up to $0.135-0.14 If you see the TRXUSD price fixing below $0.52, you will most likely have to flee from the Tron, because there will be a threat that the fall will accelerate to $0.25-0.35 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37
TRX: hottest🔥 alt make a pullback. Here is an enrty point!📊TRX grow higher than any other altcoins. It`s pump even if BTC fall sometimes. It has strong support from the buyers and in this idea i`ll show you where the big player open it`s longs. 1. First of all, the huge support is the $0,62-0,63 value area. The liquidity collection and the liquidation of the lavarage position confirm the volume indicator. The volume bars should grow. It`s shows us also the presence of buyer. We need to follow the smart and big money, don`t we? 2. After the small consolidation and trendline squeeze the price have to brake the trendline. Here will be our entry point. 3. The local manipulations are not required but it will be good to see false breakout or liquidity collection before the breakout of the trendline. The trapped short traders gives to TRX additional fuel to grow! The targets: 1️⃣ $0,7 - the closest key level 2️⃣ $0,75-0,79 - the liquidity gap. This target will be easy to reach for TRX if BTC show some strength. The price of this alt grow even if BTC just consolidate. Image what happen if BTC starts to rise. ✅Traders, if you have a question about how to trade the trendline breakout or other trading tips write down in the comment or to DM! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
2
The price of Tron will reach 0.072.Hello. According to the analysis, the Tron currency will fall in the resistance point "Re 1" and then with the price falling on one of the support points "Su 1" or "Su 2" its price will return to the point " Re 1 "arrives. So according to the analysis we have to keep our price up to 0.072 Tron and then sell it so that the Tron currency reaches one of the support points. First resistance point: Re 1 First support point: Su 1 Second support point: Su2 Thank you very much for your valuable time.
by Wall_Meme
TRX - another opportunity for shortReasons to take short: ⭐️ BTC bearish ⭐️ Trendline 10 days long ⭐️ Trendline is clean ⭐️ Collected stop-losses ⭐️ Broke local trendline ⭐️ Price is squeezing to local level ⭐️ 5th touch ⭐️ 50 ATR ⭐️ Under VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
10
TRX - Down we go, go, go, go..Reasons to take short: ⭐️ BTC bearish ⭐️ Trendline 10 days long ⭐️ Trendline is clean ⭐️ Collected stop-losses ⭐️ Price is squeezing to the trendline ⭐️ 6th touch ⭐️ 50 ATR, coin at high Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
1
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.06690). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . TRXUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.07046 TP2= @ 0.07410 TP3= @ 0.07869 TP4= @ 0.08573 TP5= @ 0.09223 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
13
💡Don't miss the great buy opportunity in TRXUSD @justinsuntronTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.06690). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . TRXUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.07046 TP2= @ 0.07410 TP3= @ 0.07869 TP4= @ 0.08573 TP5= @ 0.09223 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
TRX - Impulse is closeReasons to take long: ⭐️ We are in a bear trend ⭐️ Trendline 8 days long ⭐️ Level is clean ⭐️ Price is squeezing to the trendline ⭐️ 4th touch ⭐️ 35 ATR ⭐️ Volume decreased. Either we see an impulse up or down. Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
2