I don't like TRX as a coin, but for trading it's great. Right now it's forming a large symmetrical triangle with a trend resistance line stretching several days back.
If we breakout we have the possibility of getting solid gains in return.
Try to buy as close as possible to the lower support, set a stop loss of 5-10% and see where it takes you. The higher the target the more risk you're taking. If you want to be safe, make sure to move your stop loss up with the price, so if things were to go bad you will still get profit.
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It failed to breakout yesterday, but is coiling up pretty good now. I will place another buy order here with a tight stop, if it doesn't fly soon I don't think it's gonna fly for a while.
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It has broken the trend support but I would still advice you to hold onto it a little longer.
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I suspect there's some manipulation going on. 100 BTC sell walls come and go, we might be pushed down even further, but when the whales stop playing with us we will go to the moon.
@mafaizer, lol it ran but opposite of the direction we are want it to go. I think we are very close to the bottom or at the bottom. When I did my analysis for the trend it points toward to 600. I was hoping that I was wrong because that means 3fold decrease from the peak....I added additional position at 670 and 650. My stop lost is at 490. Im willing to lose 25%.
mafaizer
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@CptGucci, Yeah I think a lot of people were surprised at how things turned out. This could just be a coincidence but I've noticed that whenever a coin forms a symmetrical triangle and just goes sideways, it's a sign of manipulation. I'll think I will wait this one out.
AlihanOz
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tron always belie us, i hope this will happen
mafaizer
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@AlihanOz, We're all hoping Tron will take us to the moon again!