TRX/USDT Trading Scenario: TRX Accumulation

We are considering the scenarios of TRX development and initiating purchases of the asset.

Since March 2023, the asset has demonstrated a noticeable upward trend. It surpassed the 200-day moving average level, which is a strong indicator. TRX’s price has increased by more than 120% since reaching the $0.12367 mark. This indicates significant attractiveness of the asset during this period.

It is also worth noting that while the price of BTC is decreasing, this asset continues to show stable growth. This may indicate its strong position and potential for further growth, despite the overall market direction.

However, given the current market scenario, there is a possibility of a correction in the price of the asset along with the overall market movement.

We are considering the possibility of entering a position on the TRX correction. We plan to start accumulating a position when the price reaches around $0.10528 and consolidates above this level. If the price declines to the sloping trendline at approximately $0.09689, we might also consider adding to the position.

This approach is based on the desire to enter a position at an optimal level that will support our risk management strategy and increase the potential profitability of the trade.