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TRX Perpetual Futures ContractTRX Perpetual Futures ContractTRX Perpetual Futures Contract

TRX Perpetual Futures Contract

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TRXUSD.P trade ideas

TRXUSD Bull ExperimentThere is an obvious and monstrously large triangle on TRXUSD. Do not assume it will retrace to the bottom of the triangle. TRX has been holding strong in the face of adversity, and it barely flinched during the recent market downturn. The trend is your friend. Don't fight it. There's a substantial amount of overhead resistance. My plan is to sell into that resistance and possibly buy back on a retrace in anticipation for a bigger move. Let's see what happens.
BINANCE:TRXUSDLong
by swilton
Tron Price Analysis — May 25Tron retraced from the $0.0830 barrier on Wednesday as the broader crypto market took a bearish turn in the London session. The thirteenth-largest cryptocurrency has now fallen to the $0.0800 support line. While the overall bias behind TRX is bullish, we could see a bearish decline below the $0.0800 level in the near term, albeit a likely brief one. This is due to the repeated failure of the crypto to breach the $0.0830 since the start of this week. That said, a sustained break above the $0.0830 barrier in the near term should prompt a bullish rally towards the $0.0900 top. Meanwhile, my resistance levels are $0.0830, $0.0850, and $0.0880, and my support levels are $0.0800, $0.0780, and $0.0760. Total Market Capitalization: $1.25 trillion Tron Market Capitalization: $7.6 billion Tron Dominance: 0.6% Market Rank: #13
BINANCE:TRXUSD
by Mr_Wogbe_Alex
TRXUSD Strong short-term but long-term needs moreTron (TRXUSD) has showed incredible strength short-term since May 01 up until today. Even though it broke above the 1D MA200 (orange trend-line) yesterday for the first time since December 17 2021, the coin remains within a long-term Triangle pattern since the April 21 2021 High. As a result it is still best to trade the Triangle (buy low - sell high) for as long as the 1W MA100 (red trend-line) supports and the Lower Highs (top) trend-line of the Triangle resists. In order for the market sentiment to turn bullish again on the long-term, we believe that a break above the 0.786 Fibonacci retracement level is needed (which contained the previous Lower High). In that case we expected a new rally towards the 1.382 Fib (matched the April 2021 High) and the 1.618 Fib in extension around 0.2200 - 0.2300. Note that the 1D CCI has been within a Channel Up since the last Triangle Higher Low. Adds to the bullish break-out case. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:TRXUSD
by TradingShot
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