Get started

TRON / Tether USD on BSC (0x1F7DF58C60a56BC8322D3E42D7D37A0383d42746)

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Markets

TRXUSDT_1F7DF5 trade ideas

TRX/USDT Still Inside The Formation!Hey, guys ✌️ Next one on our watchlist is TRX coin. TRX coin has been bouncing from one side to another, where currently we are approaching that upper side of triangle formation! Waiting here for one last liquidation grab to upper zones after what we want to see a potential drop to happen. But we can't leave behind the hypothesis that price can breakout from that upper zone and result the price to go towards $0.077. Stay alerted! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
23
Where Did Justin Sun's Net Worth Go?Formerly his public wallet had +1.1bn in it. See: debank.com It's now down to 177mm... If there is bad news this week, it's possible that we could see issues with the USDD reserves and a liquidity crunch to stabilize USDD. I'm a little worried - saw some reports on Twitter saying that Sun has been deploying capital today and not sure why/what's up. TRX has been going up, and is currently unable to break 0.061. The 5m gap was already filled. This area is a visible line historically. The other thing worrying me is that the Tron Dao Reserves site states that USDD is collateralized 150%, but when I check the actual reserve wallets, it seems to be including the TRX burn contracts. And those values are still overstated by about 200mm on the value collateralizing the 700mm USD in circulation. So... Assume that Justin Sun has 177mm in his public wallet, that the Tron DAO Reserves may just only slightly over-collateralized, and what happens if a crypto ban hits, price drops 20 or 30% on TRX? I'm a little worried about this piece but it may be nothing. Just a curious look around on a sunday.
by decklyndubs
TRX minting is still coming (USDD)...Hello, i believe the current uptrend in btc and alts isnt for too long. i looked up for promising short setups in alts and came across TRX. It seems to trade in a triangle which should break (up or) down soon. Justin Sun still wants to enable the TRX burn and mint functions (the same as LUNA/UST), but there is currently no date for that. Originaly they wanted to enable the TRX/USDD mechanism back in November but Justin Sun delayed it. (He likely delayed it and made the date unknown so traders cant frontrun TRX and sell it off!) USDD is a ponzi and its not even hard to tell, obviously 30%+ APY is a Ponzi. When the USDD/TRX mint will get enabled then it is gameover for TRX. TRX will likely go to like 0.0000001 just like LUNA did if the TRX mint gets turned on. That plus the TA of the triangle makes this an excellent short target in my view. TA + Fundamentals line up and these are usualy good setups. My targets are very conservative interpretation of the triangle resistance, it may aswell sell off earlier. (will look for new short if so) Im still using a tight stoploss and doing low leverage (and kinda hoping it isnt too tight, better pick ur own sl+entry) Note: there´s also counterparty risk. I personaly dont trust Binance for example. (Im using Kraken as its USA regulated but even then, who knows!) Be careful and dont hold more then ur affordable to loose on any exchange. That said, trade safe and please only invest what ur affordable to loose, as Crypto is a fraud ridden bubble (imo).
Short
by Symbio_X
3
TRON (TRX): Price is Developing as ExpectedTRON (TRX): Price is Developing as Expected During the previous week, I published this analysis with expectations that the upper part of the structure was going to show strength. As you may see price reacted very well on the daily chart it is showing about a clear bearish rejection near the resistance zone. Considering that the market is also facing insecurity related to the Silvergate the price may move down even more. Thank you and Good Luck!
Short
by KlejdiCuni
9
TRX/USDT On The Lower Side Of PathHey, guys ✌️ TRX/USDT pair is next on our watchlist. With a nice sideways movement we see a price pushing towards that lower side of bar with third attempt to break that for a bigger bearish movement. Currently on third attempt we might see that final direction here which can result the price to move to either 0.064 or 0.07. Waiting for the good momentum here! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
10
TRX/USDT waiting for pullbackHey, guys ✌️ Next one we would like you to take a peek at is TRX coin. Currently trying for the fourth time to break that upper resistance we see the lack of volume behind it for now. Waiting here and watching closely as it might have a nice turnover!! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
12