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TRON / TetherUS

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TRXUSDT trade ideas

TRX Defies Market Trends: Key Levels and Strategic Insights🔍TRX (Tron) is showing unique behavior amidst market volatility. Here's a detailed analysis to guide your trading decisions. 📆Coin of the Day: TRX (Tron) About the Project: TRX is the native cryptocurrency of the Tron network, used for transaction fees on the TRC20 network. It is widely staked, contributing to its relatively stable price movements. 🧩Technical Analysis 4-Hour Timeframe This analysis focuses on shorter-term trends, identifying critical levels and potential scenarios. 📉Support and Resistance: Key Supports: 0.11569 (0.382 Fibonacci level) - recently established support after a breakout. 0.11494 0.11104 Key Resistances: 0.11873 (0.618 Fibonacci level) 0.12740 (major resistance and potential trigger for long positions) 📈Bullish Scenario: Fibonacci Golden Zone: TRX is currently within a major supply zone, which overlaps with the 0.618 Fibonacci level. Breaking above this area could indicate strong bullish momentum. Targets: Key resistance levels to watch are 0.11873, 0.12438, and 0.12740 (trigger for significant long positions). 📉Bearish Scenario: Break Below Key Support: If TRX fails to maintain above 0.11569, it could signal a bearish reversal. Targets: The next support levels are at 0.11494 and 0.11104. 📊Volume and RSI: Volume Analysis: Recent volume spikes suggest increasing interest, which is critical for sustaining upward momentum. RSI Analysis: Current RSI: 61.50, indicating bullish momentum but approaching overbought territory. 💡Key Triggers: For Long Positions: Entry Trigger: Break and hold above 0.11873. Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk. For Short Positions: Entry Trigger: Break and retest below 0.11569. Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly. 👨‍💻Trading Positions Long Position Entry Trigger: Hold above 0.11873 with confirmation from RSI and volume. Strategy: Open a position on the hold of this level, targeting 0.12438 and 0.12740. Use tight stop-loss orders to manage risk. Short Position Entry Trigger: Break and retest below 0.11569. Strategy: Open a position if the price confirms a break below this level, targeting 0.11494 and 0.11104. Adjust stop-loss orders accordingly. 📝TRX is demonstrating unique resilience compared to the broader market trends. Traders should closely monitor key levels and volume to determine potential entries and exits. RSI and volume trends will provide additional insights into momentum shifts. 🧠💼Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Tron (TRX): About To Breakout!Tron is looking nice after forming a small cup there (bounce NR2 zone). We are looking for a potential breakout from the neckline zone and a re-test of local upper resistance from where we expect to see some kind of rejection. Although setup looks good for a while, we are still keeping an eye on it, as we might see a weakening to kick in and a failed attempt to breakout from the neckline zone, which would mean a sideways or downward movement. Swallow Team
Long
by SwallowAcademy
TRX always dos its own thing 3D INV HS ? TRX , one of my SPOT holds is looking for 3D HL. its in a 4 h rounding bottom on eof my "cumulate" patterns, that moved and now is looking for a 4h HL, you can try and buy that backtest and risk off of the rounding bottom low. don´t overcomplicate your trading ! I have 3 indicators,. VOL RSI and EMA12. Priceaction is king and we are not in preschool drawing class! draw IN what you ,must but get on with it ;) Get great at TA and then trade fast! It takes ME 2 m to plan a trade and 2 m to put in the orders. respect your stops and sizing ! enjoy
by ChartmanChris
TRX ( TRON ) tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
Technical Analysis of TRX/USDT Chart (Tron/Tether) Key Levels in the Chart: 1. **Support Areas (Green Zones):** - Near the $0.080 level: This zone acts as a strong support, with price reacting to this area multiple times. - Near the $0.060 level: Another strong support zone that has held up the price in the past. 2. **Resistance Areas (Red Zones):** - Near the $0.120 level: This area has acted as a significant resistance where the price has struggled to break through. - Near the $0.180 level: Another resistance zone which the price has tested but not broken. 3. **Liquidity Levels (LIQ):** - **Daily Liquidity Levels:** - $0.03330: A lower level of liquidity on a daily scale indicating potential buy orders. - **Weekly Liquidity Levels:** - $0.01431: A weekly liquidity level indicating potential buy orders. - $0.22890: A weekly liquidity level indicating potential sell orders. Other Key Points: - **Change of Character (Choch):** - The first Choch occurred near the $0.020 level, indicating a trend change from bearish to bullish. - A potential second Choch is marked around the $0.060 level, indicating a potential trend change. - **Break of Structure (Bos):** - The first Bos occurred near the $0.030 level, indicating a break of resistance and the start of a bullish trend. - The second Bos is marked near the $0.16767 level, indicating a potential break of resistance. Technical Pattern: - **Consolidation:** - The price has shown periods of consolidation between the marked support and resistance zones. - This consolidation indicates indecision and potential build-up for a significant move. Trend Analysis: 1. **Bullish Scenario:** - If the price breaks above the $0.180 resistance level, it could move towards the $0.22890 weekly liquidity level. - Target levels in this scenario: - $0.180 (Resistance Area) - $0.22890 (Weekly Liquidity Level) 2. **Bearish Scenario:** - If the price breaks below the $0.080 support level, it may move towards the $0.060 support area, and potentially lower towards the $0.03330 daily liquidity level. - Target levels in this scenario: - $0.080 (Support Area) - $0.060 (Support Area) - $0.03330 (Daily Liquidity Level) Volume Analysis: - **Volume:** - Volume analysis indicates decreasing volume during consolidation, suggesting a lack of strong momentum. An increase in volume on a breakout could confirm the start of a new trend. Conclusion: The TRX/USDT chart indicates a consolidation phase with potential for significant moves upon breakout from key levels. Traders should watch for breakouts from the marked support and resistance zones to identify potential trends. Support and resistance levels are crucial for decision-making, as their breakage can signify important market movements.
by Hooman_Badiefar
TRX - Inverse head and shoulder - Breakout ImminentBINANCE:TRXUSDT (6H CHART) Technical Analysis Update TRX is currently trading at $0.12346 and has formed a inverse head and shoulder pattern. Price is currently around the resistance line, if see a resistance breakout then we have potential for a good LONG Trade. I will wait till we have a confirmed breakout of the resistance and enter the long trade only after that. Entry level: $ 0.12461 (Candle Close above this) Stop Loss Level: $ 0.11752 TakeProfit 1: $ 0.12778 TakeProfit 2: $ 0.13172 TakeProfit 3: $ 0.13764 TakeProfit 4: $ 0.14398 Max Leverage: 5x Position Size: 1-2% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
TRXUSDT.1DAnalyzing the daily chart for TRX/USDT, several key technical indicators and support/resistance levels can help inform trading decisions. Key Resistance and Support Levels: Resistance 1 (R1): $0.14599 - This level currently acts as the immediate resistance. A breakthrough this point could signal bullish continuation. Resistance 2 (R2): $0.18044 - This represents a higher target and previous peak that could act as a significant barrier. Support 1 (S1): $0.09421 - Serving as the nearest support, this level has seen historical price interactions that suggest it might offer substantial buying interest if retested. Support 2 (S2): $0.04774 - A lower support level, indicating a substantial drop from current levels, yet important in the case of a major bearish turnaround. Technical Indicators: Relative Strength Index (RSI): The RSI at 59.87 is moderately high, suggesting that there is still some upward momentum left before reaching overbought conditions (RSI of 70). Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and both are trending upwards, indicating current bullish momentum. However, the proximity of the lines suggests a potential for volatility or a trend change if they start to converge further. Trend Analysis: The chart demonstrates a significant upward trajectory following a recent bullish momentum. The key will be whether TRX/USDT can sustain this momentum and break through the resistance at R1. The overall trend from the lows indicates a strong recovery and potential for further upside if the broader market conditions remain favorable. Conclusion: Given the bullish indicators and the price's recent behavior, TRX/USDT might be positioned for further gains if it can breach the immediate resistance at R1. Traders might consider taking long positions near current levels or on small retracements towards S1, setting a stop-loss below this support to manage risk. Conversely, a fall below S1 might suggest a bearish shift, potentially exposing the next support level at S2 for testing. Continuous monitoring of the RSI and MACD will be crucial, as these will provide early signals for any loss in momentum or potential reversals. As always, external factors such as market sentiment and news should also be taken into account to align with overall crypto market trends.
by MarsSignals
1
TRXUSDT → Realization of bullish pattern + golden cross BINANCE:TRXUSDT is forming the break of the descending wedge structure, which in general activates the realization of the bullish pattern On W1 the price is testing one of the key global levels. Consolidation of the price above 0.1184 will be a confirmation of global bullish intentions. Alitcoin has not yet updated the intermediate and global high, which generally determines the long-term prospects for us. A breakout of 0.12189 range resistance could be a good signal for growth continuation. Support levels: 0.11788, SMA Resistance levels: 0.12189 SMA are forming a cross on H4, which is generally a positive signal. A retest of the range resistance may lead to its breakout and further growth to 0.14500. Regards R. Linda!
Long
by RLinda
5