Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Potential reversal alert: TRX/USDT sell entry signal By: Invezz October 07, 2023 at 12:16 PM EDT TRX/USDT trading strategy Buy/sell asset: Sell TRX/USDTEntry price: 0.08885Stop loss: 0.089933Leverage: 3xTake profit 1: 0.08750Take profit 2: 0.086250Take profit 3: 0.084459Timeframe: 1-2 weeksMaximum profit: 14.85%Maximum loss: 3.66%TRX/USDT chart and technical analysisTRX/USDT has been in an uptrend since the start of this year despite major dips in the crypto market. However, the bullish trend line was broken after the NFP data was published yesterday.The price dropped below the 0.08749 support level after the NFP news. Currently, the price is recovering from yesterday’s drop and will possibly retrace to 0.08885 resistance level before making another drop. The overall trend will possibly remain bullish in the longer term.The 0.08885 price level will act as a key resistance level and will potentially push the price down as there is also a bearish imbalance around the same price and the 0.382 Fibonacci level. The trend line has also been broken around the same price and I am expecting the price will dip to the 0.08845 support level before resuming its uptrend.TRON fundamental analysisThe TRON managed to register a 1.8% increase despite almost all other altcoins remaining bearish. However, the price made a big dip after the NFP data was published.Fundamentally, the TRX will remain bullish but will possibly make a pullback to the 0.084459 support level before resuming the bullish trend.TRON to Tether trade idea takeawaysThe TRON has broken the bullish trend line and a potential bearish pullback will likely follow. I am expecting the price will drop to the 0.0844 support level after retesting the 0.08885 resistance level.Multiple take-profit levels have been added to secure profit along the way as the market can bounce back and hit the stoploss.The risk-to-reward ratio on this trade is 1:4.0.Good luck!The post Potential reversal alert: TRX/USDT sell entry signal appeared first on Invezz. Related Stocks: Corner Growth Acquisition Corp 2 Cl A Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Potential reversal alert: TRX/USDT sell entry signal By: Invezz October 07, 2023 at 12:16 PM EDT TRX/USDT trading strategy Buy/sell asset: Sell TRX/USDTEntry price: 0.08885Stop loss: 0.089933Leverage: 3xTake profit 1: 0.08750Take profit 2: 0.086250Take profit 3: 0.084459Timeframe: 1-2 weeksMaximum profit: 14.85%Maximum loss: 3.66%TRX/USDT chart and technical analysisTRX/USDT has been in an uptrend since the start of this year despite major dips in the crypto market. However, the bullish trend line was broken after the NFP data was published yesterday.The price dropped below the 0.08749 support level after the NFP news. Currently, the price is recovering from yesterday’s drop and will possibly retrace to 0.08885 resistance level before making another drop. The overall trend will possibly remain bullish in the longer term.The 0.08885 price level will act as a key resistance level and will potentially push the price down as there is also a bearish imbalance around the same price and the 0.382 Fibonacci level. The trend line has also been broken around the same price and I am expecting the price will dip to the 0.08845 support level before resuming its uptrend.TRON fundamental analysisThe TRON managed to register a 1.8% increase despite almost all other altcoins remaining bearish. However, the price made a big dip after the NFP data was published.Fundamentally, the TRX will remain bullish but will possibly make a pullback to the 0.084459 support level before resuming the bullish trend.TRON to Tether trade idea takeawaysThe TRON has broken the bullish trend line and a potential bearish pullback will likely follow. I am expecting the price will drop to the 0.0844 support level after retesting the 0.08885 resistance level.Multiple take-profit levels have been added to secure profit along the way as the market can bounce back and hit the stoploss.The risk-to-reward ratio on this trade is 1:4.0.Good luck!The post Potential reversal alert: TRX/USDT sell entry signal appeared first on Invezz. Related Stocks: Corner Growth Acquisition Corp 2 Cl A