In the past few days, we have seen enormous price surge in TRON due to the news about ther strategic partnership with giant companies like Alibaba. Now we have seen a price correction of TRON which has retraced to it's accumulation zone as per Fibonacci retracement tool. Here's my trading idea for TRON and what to expect in coming days. The MACD indicator is showing up a trend reversal, RSI held strong support and turning back up along with Stochastic RSI fully oversold. Please see the image below for reference :
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT A TRADING IDEA OF WHAT I PERSONALLY THINK ABOUT THE COIN. PLEASE DO YOUR DUE DILIGENCE AND INVEST WISELY. NEVER RISK YOUR WHOLE MONEY IN A SINGLE TRADE AS IT MIGHT GO OPPOSITE TO YOUR PLAN. ALWAYS USE STOP LOSSES IN A BEARISH MARKET TO AVOID ANY HUGE LOSSES.
Everyone is welcome to share their ideas below and if you like my post and want to see my future updates, stay tuned!😉💪
UPDATE : TRX HAS BROKEN THE TRENDLINE AND LOOKS BEARISH FOR NOW. DO NOT OPEN ANY NEW TRADES AND WAIT FOR ANOTHER UPDATE. THANK YOU!