TRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May.
Price action has hit the range high and could expose TRX to more selling pressure.
A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan).
The zone was a crucial resistance in the second half of April but was flipped to...
Based on technical factors there is a Short position in :
📊 TRXUSDT - TRON
🔴 Short Now 0.06217
🧯 Stop loss 0.06343
🏹 Target 1 0.06110
🏹 Target 2 0.06000
🏹 Target 3 0.05840
💸RISK : 1%
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After analyzing the TRON, weakness in uptrend is observed. Due to the market momentum, there is a possibility that TRON will crash. but first, set a trigger for entry position and do not forget about SL
trade with your choice
Tron is one of my favorite Altcoins, and I believe it's going through an A-B-C correction. This looks like a zig-zag correction so the zig-zag correction is a 5-3-5 wave correction and I believe it might do the following next:
We are now in the 5 wave series of Wave(C) - it's at sub-wave(4). I believe SW(4) will be played in the Sub-wave 4 zone in the diagram...
- Overall bearish market structure
- Rejected at current resistance
- Currently retesting
- Bearish divergence
- Stoch RSI bear cross
Would you take this trade?
✌Tron was valued all time high around 23 cents and currently sits at 1.6 cents.
This setup from a far could be a massive bull pennant setup.
This will be the 4th time we attack this downward Resistance to see if we can finally get a breakout on tron.
Justin sun the founder of trx has his hands in a lot of areas in the cryptocurrency market and has established a...
Tron has had a decent run for the last month and it's time to say goodbye.
The crypto market is full on bear and fortunately for Tron (whatever the reason maybe) it's been ranging for the last few months.
Rising wedge is fairly reliable and so are double tops. I like the R/R here and more importantly we're going with trend.
See you at the bottom.
-Cabra
Hello Traders,
After a strong bounce on TRX yesterday we are looking at a short setup. This should especially play out well if BTC breaks to the downside.
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TRX this time is situated into an ascending channel the breakout can be up or down also but
STOCH at 1D is overbought so likely will going down + until 16 oct we are in the CBOE contracts(BTC) which is also bearish
RSI 65+
You can entry short here at 404-407 .TP 366-380 for a little scalping
Best entrypoint for a short is at 447-450 sats with 464 SL. Target point...
![TRXUSDT: Tron [TRX] to face price rejection at range high](https://s3.tradingview.com/2/2rIk1DoR_mid.png "Tron [TRX] to face price rejection at range high")
