Tron (TRX): Looking For Break of EMAs to Happen

2024年6月25日

Tron coin is still trading above 200 EMA, which the coin been trying to break for some time now.

We are now trading slightly above those EMAs with smaller recovery so we are looking for another attempt to break that 200EMA or at least test it.

As soon as we see a weakness near that zone, it would be a sign we were waiting for and we will be look for short 😉

Swallow Team

2024年6月26日

註釋

Tron is still pushing toward that resistance zone. We are looking for a daily candle so close in red, which would be acting as a first sign of rejection.

If all plays out well, we should see rejection within the next 3–4 days and a movement to EMAs by the beginning of next week.

2024年6月27日

註釋

Tron is still pushing and pushing to higher zones, pressuring that uppe resistance zone.

Historically, when we see these kind of strong pushes near resistance zone (while bitcoin is sideways or slightly bearish), we usually see sharp rejections near resistance zones.

So our gameplan remains the same; we wait 😉