Is TRX a good investment ahead of the USDD's debut?On Thursday, the price of TRX skyrocketed when Justin Sun announced plans for a new stablecoin. TRX hit a high of $0.074, the highest since April 4th. However, following Jerome Powell’s hawkish remarks, these gains were short-lived.
Bullish Scenario: TRX may retrace back to $0.06 support levels. If TRX manages to break over the resistance level at $0.074 after retracements, it will be mildly bullish. With sufficient buying activity, breaking above the $0.08 price barrier will lead to a rise towards $0.10 and higher.
Bearish Scenario: TRX has been in a decline for several months, thus we don’t have a strong bullish bias for the medium term. If the support level of $0.06 does not hold, the price will sooner or later fall below $0.05, $0.03, and much lower.
Trxusdt
TRXUSDT 1D When the Tron price correction ends ?Today we will consider a pair of TRXUSDT on the global chart.
From March 2020 to April 2021 there was a strong and confident growth, which can be marked by the first wave of growth.
From April 2021 to the present, the second wave of correction continues, which in our opinion may have 3 options for completion, which will be discussed below:
1. The correction at the final stage and yesterday's aggressive buyout of buyers shows that they are set to start a wave of growth, even despite the correction in the price of BTCUSDT
In this case, $0.06 per TRX is a critical level below which the price can not fall.
2. This option is to fix the price of TRXUSD below $0.06 and start the final wave down. The upper limit of the liquidity zone can be attracted the fall to level $0.035
3. This is the most pessimistic option and a strong fall on the crypto market. In this case, it will be possible to focus on the lower limit of the liquidity zone - the level of $0.024 for Tron
We are trading probabilities and do not know which option will work exactly. However, the painted and painted action plan is already half the work, now the main thing is to orientate in time and make the right trade decision in the future.
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TRX/USDT TRADE SETUP! READY TO PUMP 30%!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
LONG #TRX/USDT
ENTRY: $0.062 - $0.079
SELL- 30%
LEVERAGE: 5X to 10X
STOP LOSS: $0.057
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
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TRXUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.073 - 0.082 - 0.095
after first target reached move ur stop to breakeven
Stop: ~0.05 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
TRX is in the BIG channel! Wait for a pullback!Tron (TRX) is in the BIG channel! After falling by 22% like last time, the price began to rise. Now we are touching the lower boundary of the channel! This could be a trigger for growth or at least a local pullback.
Pay attention to the volumes - this is an indicator of a BIG player!
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.