Tron (TRX) Important level approaching. Right 4/4 times so far.

After its run-up yesterday, Tron is currently cooling down. If it can hold the 960 to 980, it is a vital signal of strength for the altcoin. This will decide how far this mainnet launch takes us.

*Please note that this is a safer trade but if it does not go to plan, you need to react accordingly.

How to trade:
If you currently hold TRX, be aware that if we cannot hold the 960 support zone we will probably see a drop of at least 3%.

Therefore, we have a stop loss at 957

Buy in (if situation above does occur):
920 satoshi support zone
850-900 support zone (unlikely)

If we do hold the 960 support:
Buy in:
960-970 support level

Sell targets:
980-1081 satoshi range
1100 satoshi level
1260 satoshi level
1379-1400 satoshi level

Thank you for reading! Tron has been a perfect target to use TA on, and it has gone 100% to my expectations. Please leave any criticisms in the box below.

If you are interested, you can check out my previous 4 Tron charts, where I called the top and bottoms 4 times accurately.

Kommentar:

1 hour chart

Trade geschlossen: Stop wurde erreicht:

Stop loss at 957 reached, trade is still active, but now we need to find the bottom to buy back in.

Kommentar:

As mentioned in the comments, 923 would be the ideal target for a buyback. I have sold everything at 957 and am currently looking for the bottom.

Kommentar:

Buy target hit. Rebought for a 3.40% increase in my TRX position. If this falls through the rising support a new chart will be posted.

Kommentar:

Also guys make sure to note that 923 is possibly not the bottom.

Kommentar:

New chart updated! By the way, for those curious on how I trade TRX, I sold everything at 898 again, bought back in at 800 sats, sold at 827.

Currently have a stop limit order for 780. I'll see how this plays out.