🔥 Hi friends! Tether and TrueUSD released Chinese offshore yuan on TRON. CNH₮ and TCNH will drive the next bullish trend in crypto, says Justin Sun (owner of TRX and Huobi).
✅ This will definitely lead to an increase in the number of users (TRC network) and the development of the blockchain system on Tron. Good fundamental news!
Now the price consolidate inside the huge triangle which is part of global bullish pennant pattern.
📊 TRADING PLAN FOR TRX:
🔥 squeeze to the trendline and test it as the support. I want you to pay attention to the possible manipulations below the local lows. The whales collect the liquidity in this way
🔥 huge whales buy orders before the breakout and during the test the triangle as support. I use DOM and Footprint to track such activity and open a trade with the biggest players on the market
🔥 bullish BTC
🚩 Friends, push boost button of you remember BTC global triangle in 2018. And after the 5-6 tests the price finally broke it down. I think that the same things can happen on TRX. So it will be even better opportunity to enter the TRX because a lot of retailers will wiped out and the price will grow even higher.
✅ MID- AND LONG-TERM TARGETS FOR TRX:
1. $0.092 - key level and local high
2. $0.18 - key level, ATH
3. $0.45-0.5 - technical target according to bullish pennant pattern
🚩 Tron ranks 15th among the largest crypto and has a capitalization of $5 billion. So, the growth by 600-700% will not be a difficult task for this altcoin.
Are you bullish on TRX? Write your thoughts and targets for TRX in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.