Market Analysis of TRXUSDT on Wednesday 18 DECEMBER 2024

2024-12-18 19:23Fonte:BtcDana

TRXUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


TRXUSDT running in negative trend and its immediate strong resistance are 0.2784 to 0.2835 level .  Stop loss is 0.2875 level and it can fall below  0.2400 level because of ABC correction pattern shown in graph  . Intraday purpose selling is better for targets 0.2715, 0.27 and 0.2660 levels respectively with stop loss 0.31 level. Overall stop loss is 0.3100 level .


QUICK FUNDAMENTAL LOOK                                                                    


The market activity of TRON (TRX) has experienced a remarkable surge, resulting in the company making headlines. In November 2024, TRON achieved an extraordinary $587 billion in USDT transfers, a 30% increase from the previous months.


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

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