Hi friends! Tron has been the gainer of recent weeks. As you can see on the volume indicator that someone was selling off a lot at this time.
Let's mark the global zones: 🔶 0.076-0.079 local price support 🔶 0.090-0.093 local price zone 🔶 0.097-0.105 global zone of value
These zones can be identified with the horizontal volumes indicator. You can read how to use them in this educational idea.
The liquidity collection above the local high of $0.09 and the value zone helped the big player sell more coins to traders who bought on the breakout of the local level.
✅Was it worth buying there? The trendline, local highs, and value zone as one resistance. Probably not the best time to buy.
✅When can we open a trade? I will wait for the big liquidations that can be seen on the volume indicator and the squeeze under the trend line.
🏁Also, you have to wait for Bitcoin to gain the strength. When should I expect to open a long? I recorded a video for you with a possible scenario for Bitcoin. Check it out to be prepared and buy the alts in time!
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
It is great to see Tron respecting the demand area, where it is currently trading at. I love your detailed analysis and update, great job! Take a look at an alternative, but similar view. The 0.0720 has clearly become huge support, which in fact has been respected. This might or should provide some bullish pressure in the coming days. Of course for this, we must hold the previous support.
MyCryptoParadise
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@OpenBlock, nice!
Vibranium_Capital
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Lovely post
ForexTrendline
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It looks good to me, best of luck!
KoDPrey
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@ForexTrendline its fake dead pump overbought at pair trx/btc it will go down. besides someone really hard sold around 0.09$. short till 0.05-0.04$
KoDPrey
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I think the price will dump 50% from where it is right now. No reason to fomo after LUNA UST crash, and WAVES crash. Im shorting till 0.04$
DeGRAM
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Thank you for sharing.
SmartNerd
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you mean liquidations of sellers ? do you think the price may visit 0.06$ area once again ??