Market Analysis of TRXUSDT on Friday 6 DECEMBER 2024

2024-12-06 17:57Source:BtcDana

TRXUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


TRXUSDT  running in positive trend and its immediate strong support area  are 0.2962 to 0.35 level .  Stop loss is 0.27 level and it can rise  above 0.51 level in short term in form of wave 5 because  irregular correction made at level of 0.51 level. Intraday purpose buying is better for targets 0.3350, 0.3420 and 0.3500 levels respectively with stop loss 0.2700 level.


QUICK FUNDAMENTAL LOOK                                                                    


Justin Sun, Tron founder, has dropped a bold statement that signals the future direction of the asset. In a post on X, Sun noted that Tron will reposition with the incoming new administration in the U.S. amid an anticipated shift in the regulatory landscape.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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