Will Tron continue the strong rally?

The majority of the coins were traded in the red on Tuesday after a significant slump in the market. Nevertheless, several coins were still trading in the large range and are showing signs of St. rke even in rückläauml;auml;auml;auml;auml;auml;auml;auml;auml;auml;auml;auml;auml;auml;auml;rke. Tron (TRX/USD) was one of the few positively traded coins. This indicates an upward movement in the coming weeks, especially after its most recent eruption earlier this month.

  • TRX broke out of a symmetrical triangle under which it had been trading for over six months earlier this month. However, shortly after the breakout, TRX was unable to cope with the market slump and fell by over 25%.

  • TRX has received support from the strong demand zone at $ 0.09 and is on the verge of breaking out of the resistance at $ 0.099.

  • As soon as the big coins trade in the big range, Tron could also expect a big boost.

  • The first target can be set at $ 0.117, followed by $ 0.13.

  • A stop loss can be set below the demand zone.

Conclusion

TRX looks very bullish for the coming weeks, especially after weathering this week’s biggest slump. This suggests that Trx could start a sharp rally after a market recovery. In order to best the bullish trend in the coming weeks, an entry of $ 0.099 can be made.

The post Will Tron continue the strong rally? appeared first on Coin Hero.

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