Tron (TRX): About To Breakout!

2024年6月5日

Tron is looking nice after forming a small cup there (bounce NR2 zone).

We are looking for a potential breakout from the neckline zone and a re-test of local upper resistance from where we expect to see some kind of rejection.

Although setup looks good for a while, we are still keeping an eye on it, as we might see a weakening to kick in and a failed attempt to breakout from the neckline zone, which would mean a sideways or downward movement.

Swallow Team

2024年6月6日

註釋

Tron is still near that neckline zone, attempting another breakout from that zone there.

We are looking now for a clean breakout, after which we should see a nice movement to the upper zones here.

2024年6月7日

註釋

Tron failed to break and secure the neckline zone from the second bounce area.

As we have had multiple rejections, we are now looking for another scenario here, which is a potential bearish movement here.

We still look for a breakout but if we fail to get it in the next 3 days, then most likely we will see a break in structure movement here!

2024年6月9日

註釋

Tron has made a nice small fakeout move to lower support zone and now is moving back for a potential breakout at neckline zone.

◼️ Price moved +4.04%