๐Are TRX and USDD next SCAM coins? $3B to save the peg!
Should you have to short the TRON with x20 leverage? In this idea i explain you all pros and cons for traders in the current situation.
๐USDD is the alghoritmical stablecoin that start to lost it`s peg with USD. This is very similar to the case of UST that lost it`s peg a month ago. Of course you remember the Luna and Luna 2.0 that lost almost all capitalization because of UST peg.
๐ถWill it happen to TRX? Now CEO of the Tron (TRX) announce additional money flow to protect the USDD(Tron stablecoin) to dave it`s peg to USD (1:1). There is about $3 billion in reserves right now to save Stablecoin and Tron project but peg is continuing to fall.
๐ถShould i sell or buy TRX? Friends, check this idea that was published at May 9. When TRX pumped i tell that is not the best time to buy it. After the second liquidity collection of the value area it fell for -46%(!).
At the current situation the value area of $0.3-0.33 could become the huge support for the price and revesal point.
The value area of $0,59-0,66 is the resistance for the price. And if the TRX return to this area it will be hard to break it.
As you can see at the volume indicator the bars are not even renew it`s higs or previous highs.
๐ถNo one knows what happend to price but technical analysis in combination with volume indicator could help you to open a trade and understand the nest price movements.
โ Now after -46% DUMP i don`t reccomend you to gamble. Better to save the money to the possible bullish trend in 1-2 year or use small part of your depo to stufy trading this situations. Actually, i don`t recommend you to trade such dumps without using trading strategy as it was with lunatics at Luna 1.0 dump. They almost destroyed.
Additionally, today is the a day of uncertainty. The FED meeting can dump the stock and crypto markets after rate hikes to 0,75%!
๐Traders, write your thoughts about current situation with Tron. Will the USDD lost it`s peg and we need to open a short or it skyrocket to the moon in 2-3 months?
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
๐USDD is the alghoritmical stablecoin that start to lost it`s peg with USD. This is very similar to the case of UST that lost it`s peg a month ago. Of course you remember the Luna and Luna 2.0 that lost almost all capitalization because of UST peg.
๐ถWill it happen to TRX? Now CEO of the Tron (TRX) announce additional money flow to protect the USDD(Tron stablecoin) to dave it`s peg to USD (1:1). There is about $3 billion in reserves right now to save Stablecoin and Tron project but peg is continuing to fall.
๐ถShould i sell or buy TRX? Friends, check this idea that was published at May 9. When TRX pumped i tell that is not the best time to buy it. After the second liquidity collection of the value area it fell for -46%(!).
At the current situation the value area of $0.3-0.33 could become the huge support for the price and revesal point.
The value area of $0,59-0,66 is the resistance for the price. And if the TRX return to this area it will be hard to break it.
As you can see at the volume indicator the bars are not even renew it`s higs or previous highs.
๐ถNo one knows what happend to price but technical analysis in combination with volume indicator could help you to open a trade and understand the nest price movements.
โ Now after -46% DUMP i don`t reccomend you to gamble. Better to save the money to the possible bullish trend in 1-2 year or use small part of your depo to stufy trading this situations. Actually, i don`t recommend you to trade such dumps without using trading strategy as it was with lunatics at Luna 1.0 dump. They almost destroyed.
Additionally, today is the a day of uncertainty. The FED meeting can dump the stock and crypto markets after rate hikes to 0,75%!
๐Traders, write your thoughts about current situation with Tron. Will the USDD lost it`s peg and we need to open a short or it skyrocket to the moon in 2-3 months?
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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