thomchris777

Tron TRX - Bad News

Short
KUCOIN:TRXUSDT   Tron / Tether
Hey Guys and Gurls!

Hope you're having a great day!

It's sunny in Incheon, but there are some dark clouds in the Tron-verse...
Justin Sun is reportedly withdrawing millions or billions of TRX...:

JUST IN: Tron withdraws 948 million #TRX ($48M) from Binance "to safeguard the blockchain industry and crypto market."
-From WatcherGuru tweet
Also this article:
watcher.guru/news/ju...while-usdd-loses-peg

TRX is pretty surely going downward, so we can trade the pullbacks on the way down, and take profits on the "breakdowns".. However you feel confident to trade.

I try to make sure I only go short when stochastic RSI is overbought, on higher and shorter timeframes. (higher most important, but timeframe depends on your leverage... Higher leverage requires higher "sniper"-accuracy in the entry price.

Okay, enough for now, Good luck, and God bless! :)

-Thomchris777

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.