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TRON / TetherUS PERPETUAL CONTRACT

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TRXUSDT.P trade ideas

TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670 Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Long
by RTED_Investing
1
TRX (TRON): Overbought at ResistanceTrade setup : Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9. Pattern : Price is Overbought at Resistance . This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
Long
by altFINS
1
Lingrid | TRXUSDT continues TRENDING. Pullback tradeThe price perfectly fulfilled my last idea. BINANCE:TRXUSDT has pulled back after a recent surge. The market recently broke and closed above the flag pattern, and the price has retraced approximately 38.2% of the preceding bullish move. It has now reached a resistance zone that was last tested in 2021. The price also managed to pull back to the previous higher high zone, from which it has already begun to bounce. If we examine the weekly timeframe, we can observe that the market has broken through a giant triangle pattern, indicating a potential continuation of the trend. My target is resistance zone around 0.1670 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
TRXUSDT🚨 Trading Signal Alert 🚨 Hello, traders! I’ve just updated my chart with a new set of indicators designed to identify key buying and selling opportunities. The vertical lines on the chart serve as clear signals: 🔴 Red Lines - Selling Phase: These lines indicate the beginning of a downward trend, suggesting it’s time to consider taking profits or shorting. Key dates for selling include: • September 5, 2024 • November 10, 2024 • December 20, 2024 • March 2, 2025 🟢 Green Lines - Buying Phase: These lines mark the start of an upward trend, signaling an ideal time to open long positions. Key dates for buying include: • October 2, 2024 • November 30, 2024 • January 6, 2025 This setup is based on a combination of trend analysis, momentum indicators, and predictive modeling. The goal is to help you make informed decisions by clearly visualizing the market’s potential turning points. Always remember to combine these signals with your own analysis and risk management strategies for optimal results.
by trushkovskiy
TRON’s $4 Billion Ambition: Justin Sun’s Bold Bet on Meme CoinsIn a move that could redefine the trajectory of the TRON network, Justin Sun, the founder and CEO of TRON ( BINANCE:TRXUSDT ), has forecasted an ambitious revenue target of $4 billion for the coming year. This projection, if realized, would be a landmark achievement for the blockchain platform, driven by a strategic pivot towards meme coins and adjustments to network fees. The $4 Billion Revenue Peak Justin Sun’s bold prediction isn’t just a number plucked out of thin air. The $4 billion target is rooted in a comprehensive strategy that leverages TRON’s strengths while embracing the growing influence of meme coins in the cryptocurrency market. Sun anticipates that $3 billion in revenue is a conservative estimate, with the potential to exceed $4 billion through network optimizations and community-driven initiatives. Sun has laid out a plan where $1 billion of this revenue will be ‘burned’—a practice that effectively reduces the supply of CRYPTOCAP:TRX , potentially increasing its value. The remaining $2 billion is earmarked for stakers and to cover transaction fees, creating a more attractive ecosystem for users and investors alike. The Meme Strategy: A New Frontier Central to Sun’s revenue forecast is TRON’s renewed focus on meme coins—a category of cryptocurrency that has gained significant traction in recent years. Sun believes that the community-driven nature of meme coins aligns well with the decentralized ethos of TRON ( BINANCE:TRXUSDT ), making it a strategic growth area. The launch of SunPump, a meme token launchpad on the TRON network, is a testament to this strategy. Despite being just 11 days old, SunPump has already generated over $1.1 million in sales, indicating strong market interest and potential for further growth. Network Adjustments: Lower Fees, Higher Capacity To support this ambitious growth, Sun has proposed lowering transaction fees and raising the energy limit on the TRON network. These adjustments are expected to increase daily transactions to over 20 million within three months, significantly boosting TRON’s market share. By increasing the network’s energy capacity, more TRX tokens will be staked, enabling free transfers and enhancing the network’s overall profitability. These measures are designed to make TRON a more attractive platform for developers and users, fostering long-term growth. TRON’s Integration with Dex Screener In addition to its meme coin strategy, TRON ( BINANCE:TRXUSDT ) has recently achieved a significant milestone with its integration into Dex Screener, a leading decentralized exchange tracking service. This listing is expected to enhance TRON’s visibility in the decentralized finance (DeFi) space, attracting more users and liquidity to the network. The integration with Dex Screener is seen as a critical step in TRON’s broader strategy to expand its ecosystem and capitalize on the growing DeFi market. Coupled with the recent minting of one billion USDT tokens on the TRON network by Tether, TRON’s liquidity and market presence are set to strengthen further. TRX Price Forecast: Bullish Trends with Caution As of the latest market analysis, CRYPTOCAP:TRX , the native cryptocurrency of the TRON network, is trading at $0.1572 down by 2.54%. Despite a minor correction, TRX is showing signs of a bullish trend, with the potential to reach $0.20 in the near term. If this momentum continues, CRYPTOCAP:TRX could even achieve a new all-time high of $0.50. However, the market is not without risks. In a bearish scenario, TRX could stabilize around $0.14, with the possibility of further declines to approximately $0.135 if negative trends persist. Conclusion: A High-Stakes Gamble Justin Sun’s $4 billion revenue forecast and strategic pivot towards meme coins represent a high-stakes gamble for TRON. While the potential rewards are significant, the path to success is fraught with challenges. However, with Sun’s track record of bold moves and the network’s growing ecosystem, TRON could very well be on the cusp of a new era of growth and innovation. As the crypto market continues to evolve, TRON’s ability to adapt and capitalize on emerging trends will determine whether Sun’s ambitious vision becomes a reality. For now, all eyes are on TRON as it navigates this exciting yet uncertain future.
Long
by DEXWireNews
2
TRON — Healthy Correction Or Going Parabolic?I mentioned it a couple of days ago. Tron's chart is one of the most sustainable out there. • Growing HEALTHY since November '22 • Did only retrace moderately after March's peak • Doesn't look over-heated despite a >200% growth During the last few days, Tron has been crushing it: • Pumped almost 40% • Entered the top 10 by market cap (replacing ADA) • Entered the upper band of its upward channel and touched the upper resistance. So, what's next? If Tron follows its path of the last years, we won't see it go much higher at this point. Instead, it will consolidate and gradually move higher. However, I expect Tron to stay in the upper band. Can it go parabolic? Sure, it can. However, from my perspective, it needs broader market support. I don't see Tron going parabolic as long as Bitcoin doesn't break out to the top.
Long
by ben_walther
Tron | Major Correction (Biggest Since 2021)Bitcoin's capitulation event will affect the entire Cryptocurrency market... ➖ Tron is great. ➖ Tron is a true Cryptocurrency —an amazing project. ➖ Tron has its own economy and really works to help people exchange value. We love it. Technical Analysis ➖ Looking at this weekly chart, TRXUSDT, the first thing that is revealed is the strong uptrend, a very long one. This uptrend is coming to its end. ➖ The pattern that reveals the end of the uptrend is the rounded top, followed by a second rounded top coupled with a lower high. ➖ These signals and patterns are accompanied by, first, an increase in bearish volume and, second, a decrease in overall trading volume. Price Action Dynamics Expect the drop to be fast and strong. TRON is not looking to be in a "bear market" for long as there is no bear market, we are simply looking at a strong correction that is only natural, normal and expected after such a long period of growth. This pair is really strong, so some of the targets can miss. The first one, black line, is sure to hit. Actually, knowing Crypto, it will crash and flush everything up just to shake things out a little bit before a year that will be forever remembered as the year when Cryptocurrency changed the world. 👉 In the year 2025 people will know Crypto just as they know Email, Cellphones and Drugs. Namaste.
by AlanSantana
7
TRXUSDT Trading OpportunityTRXUSDT has recently broken out of a bullish pennant structure and an inverse head and shoulders pattern. This suggests a potential upward movement in the price. The target for the inverse head and shoulders pattern is indicated on the chart, with the neckline serving as the buy-back zone. Additionally, the extended target is based on the potential pole estimation. It's important to note that technical analysis is just one aspect of trading decisions, and other factors should also be considered. Your engagement and feedback on this analysis are appreciated. Thank you for your attention to this analysis!
Long
by weslad
5