TradingView
blockchaindedi
Sep 5, 2018 1:56 AM

TRX need to chill down a bit. Here's why: Short

TRON / BitcoinBinance

Description

If you are non leverage trader and play swing on Tron, you already showed by a nice ping-pong trade with 20% - 35% range profit if you catch the bottom and sell top. If you are a leverage trader, even better, since you can short them on Bitfinex.

Tron has acquisition of one of the largest peer-to-peer network BitTorrent. They was winning against NEO bid with more than US170M. This is a significant amount of money and also showing us that TRX are really not playing cheap for the long-run. This will be assure your moves on this coin that even though you are buying top and then goes underwater, you're can still rely on their fundamental background.

I believe Tron will be one of the strongest coin and company out there through the blockchain tech. Technically I'm making Tron as my favorite swing. Which right now from what i see, I believe that TRX need to chill down to 336 or for worst case 309 before seeing another leg. With resistance 376 and i will switch my analysis to long.

Comment

First target reached.

Trade closed: target reached

Close. Target reached! Happy for all!
More