Tron (TRX) Mainnet Launch Trading Plan
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Signals:
-Tron managing to hold 480-500 satoshi level, seems to be very strong support level.
-RSI holding above 40, indicating price strength.
-Tron seemingly being kept up by whales, evident by huge buy orders near 500 sat range as well as pumps keeping TRX at support levels.
How to trade:
-Buy in 480-530 sat level (Likely will not drop past 480, which seems to be major support)
Sell points:
- 600 satoshi level
- 677-700 satoshi level
- 774-800 satoshi level
- 835 satoshi level
- 900 satoshi level (unlikely)
When to sell:
Sell after the TRX founder has launched the first official mainnet announcement (likely on May 21st) , with the intent of buying back in after a ~10% correction.
Sell 2-3 days before the official mainnet launch, as there was huge sell pressure 2 days before the testnet launch.
If you want to keep your TRX position, buy back in at least a week after the pump, at the support levels.
*It is important to note that if TRX does break past the red resistance boxes, they will likely become support levels, evident from my test net TA that you may view in my profile.
This TA is very basic as this is an early call. Thank you for reading & please criticize my TA's with ways I can improve so I can bring more value to the community in my future charts.
Xzhi
-Tron managing to hold 480-500 satoshi level, seems to be very strong support level.
-RSI holding above 40, indicating price strength.
-Tron seemingly being kept up by whales, evident by huge buy orders near 500 sat range as well as pumps keeping TRX at support levels.
How to trade:
-Buy in 480-530 sat level (Likely will not drop past 480, which seems to be major support)
Sell points:
- 600 satoshi level
- 677-700 satoshi level
- 774-800 satoshi level
- 835 satoshi level
- 900 satoshi level (unlikely)
When to sell:
Sell after the TRX founder has launched the first official mainnet announcement (likely on May 21st) , with the intent of buying back in after a ~10% correction.
Sell 2-3 days before the official mainnet launch, as there was huge sell pressure 2 days before the testnet launch.
If you want to keep your TRX position, buy back in at least a week after the pump, at the support levels.
*It is important to note that if TRX does break past the red resistance boxes, they will likely become support levels, evident from my test net TA that you may view in my profile.
This TA is very basic as this is an early call. Thank you for reading & please criticize my TA's with ways I can improve so I can bring more value to the community in my future charts.
Xzhi
Nota
Holy shit, TRX already breaking past the 200+ BTC sell wall on 600 sats. If we can hold 600 for a few days, it will once again become our (albeit weaker) support level.Nota
I sold 75% of my TRX at the 800 satoshi level, was getting way to high for my liking. At one point we rallied up to 830... crazy stuff!I am going to re-enter at one of the support levels. If it doesn't come down to at least 630 satoshi's, I will just hold the 25% and trade other coins.
Nota
On the side note, we basically hit all our sell targets. Pretty sure there will be another rally near May 21st and 2-3 days before the mainnet launch.Dagangan ditutup: sasaran tercapai
And we are probably going to keep going. I'm waiting for a pull back that'll probably never happen. If it doesn't I'm just going to avoid TRX for a while. It's a bit too high for my liking.Dagangan aktif
New chart updated! Please check it out.
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