TRUUSDT trade ideas
TRU trade setup looks absolutely incredible!The current cup & handle setup that has been forming is absolutely incredible looking! The recent down-thrust looks to have formed the bottom foundation of the formation's handle. I'm waiting patiently for the price to retest the breakout level from the "Bitcoin Approval Rally.'
I will be putting a long position on in that area when my charts give me the signal. This trade setup would work better on a higher dollar/lower leverage entry vs. in my opinion as it will take some time for this pattern to play out to its finality. If you use leverage, make sure that you keep it reasonable (10 - 20x), and keep extra funds in your account to give you a larger spread from your Liquidation Price to assist you in avoiding that dreaded 4 o'clock liquidation candle the Market Maker's love to throw at us in the middle of the night while we're tucked into bed sawing logs.
Good luck!
TRU/USDT bullish horizons from demand? 👀🚀TRU Today Analysis💎 Paradisers, take note of the current dynamics in #TRUUSDT, indicating a setup for a bullish journey from its emerging demand zone.
💎 #TRU has recently undergone a notable pattern, where it swept liquidity above a resistance level before taking a downturn. Currently, having breached the support at $0.04937, we're eyeing a bullish momentum initiating from the lower demand zone at $0.04622. Should the price respect this zone and maintain a strong upward momentum, we anticipate a vigorous bullish move targeting higher resistance levels.
💎 In the constantly evolving landscape of cryptocurrency trading, flexibility and readiness for diverse market scenarios are crucial for #TRU traders. If the asset faces difficulty in sustaining its position at the current demand level, adapting our strategy to anticipate a bullish surge from a deeper support level at $0.04138 might be wise.
💎 Importantly, a descent below this support could signal a need for a strategic pivot, suggesting potential challenges in maintaining a bullish trajectory in the #TRU market.
BINANCE:TRU/USDT - Did you miss this triangle breakout ?------------------------------------------------------------------------------------------
Description
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+ A perfect triangle pattern formed for TRU/USDT
+ Upward breakout of the price confirmed after multiple rejection around the resistance line
+ Overall price is trending bullish and this is a good opportunity to enter a LONG trade.
+ This is a trade with tight stoploss, so be careful.
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Signal
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VectorAlgo Trade Details
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Entry Price: 0.05847
Stop Loss: 0.05615
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Targets 1: 0.05950
Targets 2: 0.06350
Targets 3: 0.06555
Targets 4: 0.06758
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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Truefi $TRU Fundamental and Technical play1. Overall Trend: The chart shows that NYSE:TRU has been in a general downtrend, as indicated by the descending trendline connecting the series of lower highs. However, more recently, there seems to be an upward movement suggesting a potential trend reversal.
2. Support and Resistance: The horizontal lines represent potential support and resistance levels. These are price points where the price has historically found a floor (support) or ceiling (resistance) and reversed direction.
3. Recent Price Action: The price has recently broken above the descending trendline, which is typically considered a bullish signal. If the price can maintain above this line, it might suggest a change in the underlying market sentiment.
4. Volume: The volume seems to be stable or slightly increasing with the recent price rise. Increasing volume during a price rise is often interpreted as a confirmation of the upward trend.
5. Potential Reversal Indicators: The break above the descending trendline and the formation of what appears to be higher lows and higher highs on the most recent price movements could indicate a reversal from the prior downtrend.
6. Future Price Trajectories: The diagonal lines that extend into the future suggest potential trend lines or targets. If these represent anticipated support or resistance levels, the price may experience significant interaction at these points.
TrueFi TRU long medium-term trade #20Today our attention was drawn to TrueFi TRU. We think we understand the logic of the behavior of buyers and sellers in this asset.
So, let's try to take a position for a medium-term trade on the following conditions:
Entry: in the range of $0.034-0.0358 (the desired average price is $0.0349)
Stop: $0.0318 (-8.88%)
Take profit: $0.0628 (+80%)
P/L ratio - 9/1
We allocate $5,000 for TRUUSDT trade, because the coin is highly volatile
In the event of a mistake, we will lose $450
If the trade will be a success, we will receive a profit of $4000
📊#TRU 's potential smiley put structure, worth keeping an eye🔥🧠With the end of the rally, we have formed a potential smiley bearish structure in the consolidation process, and if this bearish structure holds, there is a high probability that we will reach the buying area. A healthy pullback makes the next rally more explosive.
Let's see👀
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Trade signal | TrueFi (TRU) is ready for the next pumpHi dear friends, hope you are well and welcome to the new trade signal of TrueFi (TRU) with US Dollar pair.
Recently we caught almost 71% pump of TRU as below:
Now on a 4-hr time frame, TRU has formed a bullish Cypher 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.
TRU/USDT bullish ride? 👀 🚀 TRU Today analysis💎 Paradisers, gear up to delve into TRUUSDT as it showcases a captivating trajectory within the demand zone, hinting at a heightened likelihood of an upward trend.
💎 Following its recent breakout from the descending channel trendline, TRU is poised with the potential to approach the supply level at .03760.
💎 The VRVP's diminished volume at this juncture suggests a probable continuation of the bullish trend from the demand zone at .03460, where a surge in volume indicates a potential pivot in momentum.
💎 On the flip side, should the price descend below the demand zone, the scales tip towards increased chances of a bearish shift. Stay attuned to these evolving dynamics!