Hello traders,
If you recall from my analysis, I mentioned that wait till the breakout confirmation before getting into Tron.
And today we just had a clear breakout confirmation (huge volume + large green candle)!
Now, Tron becomes more volatile, I would give you how I will be swing trading in next 10 days (before the mainnet release). However, some of those trades my be risky so please do at your own risk.
1) Buy around 876-880 Satoshi. This area has been major resistance for Tron for a week and breakout from this level is very significant for next rally. What I want to Tron to do is to confirm this level as a support before the next run.
2) Sell around 926-954 Satoshi. Next major resistance level is 900-920 Satoshi, and I expect Tron to surpass this level without any problem. Therefore, I expect Tron to go above this level, and then either retrace 23.6% or 38.2% to confirm 900 level as a support. (so reload again around 900 Satoshi range)
3) Following the same logic: sell 1092 Satoshi --> reload 1026 Satoshi
4) Sell 1200 Satoshi --> reload 1092 Satoshi
5) Sell 1438 Satoshi --> Close the trade. (feel free to reload at 1092 Satoshi)
This is just the prediction and depending on how the bitcoin moves, the target price range can vary. I will constantly post my target if there are any changes.
Happy trading!