TRON / TetherUS

Confirming support in the 0.3410 ~ 0.3614 range

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(1M Chart)
لقطة
The target range is around the Fibonacci ratios 2.618 and 3.618.

To continue the uptrend, the price must maintain a level above 0.3410. - لقطة
It appears that significant efforts are being made to defend the price since the issuance of the TRX stablecoin.

Therefore, if possible, it is advisable to continue trading by increasing your holdings while gradually increasing the number of coins corresponding to your profits.

Otherwise, I believe it is best to proceed with short-term and day trading.

You must be mindful of this point, as there have been instances of significant losses from altcoin stablecoins.

Since XRP and ADA have also issued stablecoins, you must always verify whether price defense is being effectively implemented to maintain the stability of the stablecoin prices.

Therefore, the best state for coins that have issued altcoin stablecoins is one free from major issues.

This is because if a major issue arises, there is a possibility that a large amount of capital will be required to stabilize the stablecoin price, and there is a risk of price collapse if price defense fails.

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لقطة
The trading method involves confirming whether the price rises in line with the M-Signal indicator when it is located near it, and trading based on whether support is maintained at the support and resistance points formed in that vicinity.

Trading timing can be determined by confirming support when the price is near the HA-Low and HA-High indicators.

To sustain the uptrend when it rises above 0.3614:

1. The StochRSI indicator must show an upward trend without entering the overbought zone,
2. The BSSC indicator must be maintained above the 0 point, and
3. The OBV indicator must be maintained above the High Line.

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Thank you for reading to the end.
I wish you successful trading.

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