Smart Money Concept Analysis of TRON (TRX)

in Tron Fan Club4 days ago
Several indicators are shown on this chart of TRON (TRX) against Tether (USDT) including Break of Structure (BOS) and Change of Character (CHoCH) markers that can help accessing possible buy/sell points.
Picture from trading view

Buy Position

One prominent global low is recognized at about $0. 1050 to $0. measures at the 1100 range and is marked in blue. This zone has always been a solid foundation which makes it a perfect spot to enter and buy. Such a situation is usually considered to be a zone of transition, and as the price approaches it, it is usually a signal to turn around. The recent BOS at the $0 symbolizes the fact that the economy of the developed countries, primarily the USA have greatly benefited from globalization even as they continue to dominate the international markets. Thus, the level 1300 is above the MA20 and MA50 which signals buy supporting the conjecture made earlier. Interests in this robust low sequence should be to purchase stocks at that support level with stop loss orders placed fractionally under $0. The calibration was 1000 in order to ensure that the level of risk is being controlled properly.

Sell Position

There is also a comparatively low high around $0. 1440 level. This area has thus served as resistance in the past, which shows possible selling pressure. This positive range might be reversed as the price approaches this high. Those targeting profit might want to sell near to this resisted area. Using sell orders so that the stock price will be slightly above $0. 1440 helps obtain gains for the organization while at the same time reducing the possibility of price rejection.

Analysis

The presence of frequent BOS and CHoCH points on the chart shows that the market is quite a dynamic one meaning that appropriate risks may be available in equal measure. BOS points around $0. 1300 also implies the beginning of a new trend hence a significant level to look out for. Instead, CHoCH points, and, in particular, points at around $0 are observed. Identifying trend reversals, the indicators are expressed as 1200.

To sum up, strategic buy positions are approximately $0. 1050 to $0. 1100 an tried to sell positions near $0. 1440 can result in the desired trading performance, with references to the BOS and CHoCH measures. Whenever engaging in a trade, always ensure that it also comes with the correct stop-loss order.

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 2 days ago 

Increase your activity (number of posts per week) and engageement (number of comment on others) in the community to get better support. Thanks.

Thanks alot sir i will.

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