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TRXUSDT_26B410 trade ideas

Tron TRX - 51% crash very soon! It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive! The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower. The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave. This chart indicates that more blood is coming for the crypto market. It's possible! I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position. If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not. But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon! For more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
46
TrxUsdtTron rdy for break Triangle can break this triangle big move can happen remember Tron cant pump like others but remember this blockchain usfull all watch ETH but u know more transaction on this blockchain after more years and low fee so this can save u can sy this cant reech u but cant say like luna or FTT destroyed GL EntryPoint: 0.04904 0.04348 Supports: 0.03855 0.03249 0.02611 Resistances: 0.05691 0.05765 Targets: 0.06696 0.07558 0.08531 Mid Time: 0.10136 0.12624 HODL: 0.16687 0.19300 0.23792 GL
by Shivaz
3
TRX. An obvious descending triangle.Usually, when the price falls lower, demand increases, which pushes the price higher. But this does not apply to the descending triangle. Because when the price drops lower, there is no buying pressure. Instead, sellers are willing to sell at even lower prices (which is why we get a series of lower highs). Also below the support level stop orders are grouped by many traders who buy from the support level. The more traders do this, the more stops are formed. And as the market moves from one area of ​​liquidity to another, the price is likely to break through the support level, and when these stops are hit, it will further increase the selling pressure.
by Tropnik
USDD & TRX COLLAPSE!Hi Traders, USDD is the TRX backed algorithmic stable coin - the DAO has massive reserves of TRX and faced some scurtinty when LUNA collapsed as next potential targets - prices where stable then and Justin did deploy alot of stable coins to prevent damages. Now with FTX collapsing and the long arm of ALAMEDA going down with the ship we should expect to see the fragile projects like USDD collapse as many will sell that which they need to de-risk. There is more to this but thats for someone else to explain the technicals. All in all - TRX is holding ok for now considering they have alot of stable coin USDT reserves, the question is WHAT happens when that runs out... SHORTING TRX from 0.058 0 incoming. Goodluck, AssetMastery
Short
by AssetMasteryandInvesting
TRXUSDT Elliott Waves Analysis (Local Vision)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. growth from current price or through one more decline in zone ~0.055 Entry: market and lower Target: 0.074 and 0.08 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
2