Swing trading futures with leverageIf you don't understand anything, then this is a hopeless long from Justin Sun.
TRXUSDT.P trade ideas
TRX (TRON) Coin Analysis 08/05/2021Fundamentals:
TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS.
This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018.
Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry.
TRON is also one of the most popular blockchains for building DApps.
Using the blockchain and its decentralized smart contract capability, the idea of Tron is that users will experience a decentralized internet where “middlemen” such as Google and Facebook are not needed for users to access content.
To draw an example, currently the most ubiquitous video sharing platform is Youtube, which is a privately owned company with privately owned servers that stores and serves video to its viewers. However, using Youtube’s services means that creators and users have to comply with Youtube's terms of service and may have to pay for its content in one way or another. Creators on the Youtube platform may earn a share of Youtube’s revenue, but the pay structure is entirely up to Youtube’s discretion.
The TRON protocol runs on a Delegated Proof of Stake (DPoS) Governance Model. This allows users to perform transactions with close to zero-fee whilst still being resistant towards transaction spam.
Transactions on the Tron Blockchain are maintained by a consortium of Super Representatives (SR) that are voted in by TRX holders who have locked their stake in the form of Tron Power. There are 27 top-voted Super Representatives and 100 Super Representative Candidates. The hierarchy of SR and SR Candidates are readjusted every 6 hours based on the number of votes they receive from Tron Power holders.
Tron aims to replace services such as Youtube and others by becoming the decentralized infrastructure in which users can connect directly with creators and pay the creators directly for the content they wish to consume.
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.
TRON uses a consensus mechanism that is known as delegated proof-of-stake.
TRX owners can freeze their cryptocurrency in order to get Tron Power, which means that they can vote for “super representatives” who serve as block producers.
These block producers receive TRX rewards in exchange for verifying transactions, and these rewards are then distributed among the people who voted for them.
According to TRON, this approach helps its blockchain to achieve higher levels of throughput.
TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in its 30 Under 30 series for entrepreneurs.
Born in 1990, he was also associated with Ripple in the past — serving as its chief representative in the Greater China area.
TRON has a total supply of just over 100 billion tokens — and at the time of writing, about 71.6 billion of these are in circulation.
When a token sale was held in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion.
All in all, this meant that 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Critics argue that this is a much higher ratio than what has been seen with other cryptocurrency projects.
TRON price today is $0.152468 with a 24-hour trading volume of $5,391,785,654. TRX price is down -6.9% in the last 24 hours. It has a circulating supply of 72 Billion TRX coins and a max supply of 101 Billion. Binance is the current most active market trading it.
Technical Analysis:
As you can see in the Daily chart , Tron coin Value have increased from the end of April to end of March 2021 and it reached 0.18$ each. The Coin has touched Fibonacci Golden Zone and Bounced from it, What we think is that the price may fluctuate and Reaccumulate between 0.12$ and 0.16$ in order to Get ready and accumulate enough volume to shoot for TP1 ( 0.23$) and ultimately higher targets levels, which are specified by Fibonacci Projection of the Initial Impulsive Cycle.
There are few Support levels specified by Fibonacci Retracements which can stand in case of some More Fall downs.
trx long fastWe notice the bearish trend line has been broken
And the entry of liquidity into the market
It is not a requirement for a correction of the entry area, it may rise from the current price
I apologize that my English is not good
Good luck to all
target
0.0825$
stop lose
0.0789$
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15m quick trade setupLet's see if this trade setup works out, we have to close some sort of candle in the area circled, before the setup becomes vaild. This should apply to most other coins too.
TRX ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TRX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TRXUSDT SHORT OPPORTUNITYTRXUSDT is in an uptrend and after reacting to a strong fresh OB, firstly broke the OB then got back beneath it and made a ChoCh, then I personally set my short setup, and I will enter in lower time frame in 15M and 5M, based on my checklist confirmation and risk and money management!
But as you know the analyzing timeframe is 4H and the triggering orders might take time, hence as you might know tomorrow there will be data, MCSI (Michigan consumer sentiment index) which is very important for dollar. So be careful at that time, DYOR and be profitable!
Ciao!
$TRX $TRON SHORT SETUPHey bros,
Short TRX for wave C. TP & SL is on the chart.
Goodluck & dont forget to follow me.
TRX: Possible Bearish CorrectionTRX: Possible Bearish Correction
We have seen that TRX has been in a strong bullish movement and it has reached the previous year's price high before the BTC crash.
All that bullish movement happened very quickly and without any strong reason.
We all know that TRX has been part of large manipulations and they had also a problem with the SEC.
Probably now it's the time for profit-taking.
Thank you and Good Luck!
TRXHi....
usually i am not in such a risky position like this .... see this chart ...huge amount of candles inside two big red candle are creeping up weakly and i recommend you to close your longs in TRX maybe it goes higher but the risk reward ratio now in this chart is not worth it ......
Good luck
TRX: indicator for short!Hello colleagues!
🔎Globally, the price is in an ascending structure. For 791 days there is a corrective movement with the accumulated liquidity on the forehead side. There is a liquidity point above at $0.09279, which will be the target for growth.
🔎A large pool of liquidity has formed on the weekly TF from below, which will become "fuel" for a decline to $0.04526
🔎On the daily TF, there is a corrective movement towards the falling wave. Now there is a local reaction to the filled imbalance, which may lead the price to decrease.
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
TRADE OF THE DAY | TRX Potential 7.2%TRADE OF THE DAY | TRX Potential 7.2%
We are seeing a distinct ascending channel/wedge here now with a slight bearish divergence formed. Whilst we can wait for the break down we have given more room on the stop-loss to accommodate another potential test of the upper channel resistance. There is also the all important breakdown on the oscillator trendline. Conservative TP above the key support. Realistically though if BTC starts to pump hard then best to exit or cancel trade.
TRXUSDT (4H) - Bullish breakoutHi Traders
TRXUSDT (4H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 0.0789 resistance level. Only the downward break of 0.0766 would cancel the bullish scenario.
Trade details
Entry: 0.0789
Stop loss: 0.0766
Take profit 1: 0.0804
Take profit 2: 0.0827
Score: 7
Strategy: Bullish breakout
Important analysis for TRXUSDTHello dear friends. How are you ?
Today we have a view for TRX symbol SEL/SHORT.
It is important to break the upward trend line.
For risk management, please don't forget stop loss and capital management.
Once we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank you
TRXUSD ❕ upper boundary of the channelThe RSI on the 4H TF indicates that the buyers have weakened.
Trading volumes are down.
I think TRX will start falling if it stays in the channel.
TRX long position Hi guys ,,, yesterday i have posted long scalp on TRX that was really great trade look at trx ......... it didnot confirm below 0.07668 and it touched our targets .....
close your long like me .......
stay safe and logical ...
TRXHi , guys again .... rapid trade(scalp) : one percent here i buy trx and 1 percent i am waiting to long after pulback to pivot point (0.07694) : my trade is with 100usdt and leverage 3 . I will take my loss after confirmation below 0.07668.....
my targets : 0.07746 and 0.07758
Potential swing long on $TRX Tron?My new renko scalp / swing system has printed a valid long on $TRX. This is experimental, purpose of publication is that we can track the signal openly
TRX/USDT ::: Finally , the fall !!!TRX/USDT ::
The price has not yet touched the bottom of the grand channel, however, it will have a corrective movement towards the middle line .
TRXDisclaimer
High Risk Investment
Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form.
A qualified professional should be consulted before making any financial decisions.
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