Tron (TRX) Mainnet went live 2 hours ago. Bottom reached?
As you all know, the mainnet just went live today with no issues, & currently, the Tron team is doing their livestream. I have basically been watching TRX/BTC charts for the last 12 hours straight, and noticed that we have been seeing mixed signals from both bulls and bears.
Tron has been consistently bought up each time it hit 780-800 sats, yet each bounce was relatively small. Now that we have hit the mainnet launch, it is probable that most the selling has finished and we are able to have a small run up towards the 900 level.
Signals:
Bullish divergence on the 4 hour chart if we can stay above 780, again indicating we are not far from the bottom
How to trade:
If we have 2-3 green candles after this current one, we can probably say we are in the clear, especially if the candles are able to get past 823 and hold there.
Buy in:
Lowest possible point you are able to above 780 sats but under 823 sats.
Stop Loss:
780 satoshi level
Targets:
839 satoshi level
875 satoshi level
930 satoshi level
What I am personally doing:
I have bought in exactly at 780 after doing a ton of trades this past hour. Currently waiting to see if TRX can recover back to 839 where I will be selling all/some of my position.
Thanks for viewing! If Tron can have a couple of green candles in the next 12 hours, I do believe we will once again hit 900 satoshis.
Tron has been consistently bought up each time it hit 780-800 sats, yet each bounce was relatively small. Now that we have hit the mainnet launch, it is probable that most the selling has finished and we are able to have a small run up towards the 900 level.
Signals:
Bullish divergence on the 4 hour chart if we can stay above 780, again indicating we are not far from the bottom
How to trade:
If we have 2-3 green candles after this current one, we can probably say we are in the clear, especially if the candles are able to get past 823 and hold there.
Buy in:
Lowest possible point you are able to above 780 sats but under 823 sats.
Stop Loss:
780 satoshi level
Targets:
839 satoshi level
875 satoshi level
930 satoshi level
What I am personally doing:
I have bought in exactly at 780 after doing a ton of trades this past hour. Currently waiting to see if TRX can recover back to 839 where I will be selling all/some of my position.
Thanks for viewing! If Tron can have a couple of green candles in the next 12 hours, I do believe we will once again hit 900 satoshis.
ความคิดเห็น:
By the way, it looks like TRX got pumped and dumped. I feel like there are a few whales trying to unload their position, since many times I have seen a moving 26 BTC sell wall and random sells of millions of TRX.
ความคิดเห็น:
Possible pattern
ความคิดเห็น:
We are approaching major support. Hopefully that will cause us to break out of this falling wedge.
ความคิดเห็น:
If this rally does happen, the major target will be 885.
ความคิดเห็น:
Breakout!
