TrueFi breakout (15m)See me previous publication for more details >
!!BTC IS AT RESISTANCE RIGHT NOW DON'T GO ALL IN ON THIS!!
(if btc dumps this will dump too)
Buy 0.58 - 0.55 (give it some time)
Long-term targets only:
TP1: 0.639
TP2: 0.762
TP3: 0.89
TP4: 0.99
TP5: OPEN++
(short-term traders will figure this out themselves)
SL1: 0.5372 (5%) -- safer
SL2: 0.5013 (11%) -- more risk
Remember about risk management, especially that BTC has been quite volatile lately.
TRUUSDT.P trade ideas
TrueFi continuation (watchlist)After huge pump in August due to coinbase listing, the price has gone into corrective phase right now and formed a bull flag on higher timeframes. It failed to hold crucial level of previous highs (0.54) which along with btc correction resulted in a dump right to the nearest zone of support (0.39)
No entry for now. First, re-claim of 0.54 level is essential , then I'll be looking for an entry once the price breaks out of the formation. However in case the price drops even lower from here I may want to get some entries somewhere around the bottom trendline for short-term trades. (very risky due to low volume node)
TRUUSDT Technical Analysis
⏳ Spot
💎 TRUUSDT on H4 has formed a descending channel and has broken above the resistance. We see several rejections from the Support line. We expect that the price goes down for a pullback before it continues to go higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.4150
☕️ TP1 0.5000
🍺 TP2 0.5400
🍻 TP3 0.6000
🍾 TP4 0.6500
🍷 TP5 0.7165
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 0.3820
Good Luck 🎲
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SWING TRADE - TRUUSDT - SHARK PATTERN UNDER FORMATION"Potential Shark Pattren Under Formation"
Price is reaching towards 0.5421 which is a strong support level for TRU, however inorder to complete the pattern price has to go upto 0.51 level, where there is another strong support which has been tested recently if it happens and shark pattern gets completed, we can say that bull run will start and if it breaks 0.66 (strong Resistance level) then it will easily go upto 0.75 level very soon.
TRUUSDST🌟this coin has shows a lot of fluctuations recently which can be both good and bad at the same time BUT we are going for its bullish potential which is obvious for us at a glance to the chart and just needs some investors to shine and gives profit which is going to happen in the upcoming alt season
👉This idea has the confirmation of "advanced price action" 👍
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🆓TrueFi (TRU) Aug-25 #TRU $TRUTRU has just approached the $0.55 zone and buying power has appeared and if it doesn't lose this zone, in the next few days it will surge to the $0.7, $0.85 and $1.1 zone. But if it loses the $0.55 zone it will fall to the $0.4 zone or even deeper
📈BUY
🔴Buy : 0.535-0.565$. SL if B
🔴Buy : 0.68-0.72$ if A. SL if B
📉SELL
🔴Sell : 0.68-0.72$. SL if A
🔴Sell : 0.83-0.87$. SL if A
🔴Sell : 1.07-1.13$. SL if A
♻️BACK-UP
🔵Sell : 0.535-0.565$ if B. SL if A
🔵Buy : 0.39-0.41$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
TRUUSDT RISING CHANNEL PATTERNTruusdt has been following an uptrend since the bounce from its strongest support level ($0.1). We saw price correction after the bull run to a new ATH($1) and truefi still showing bull signs following the rising channel pattern. Chart shows the minor and major rising channels which implies a possible uptrend to the higher high of the channel or prolly to a new ATH. $0.66 - $0.664 is a good entry with a stop loss at $0.621(6% risk). Price targets are shown at the red rectangles.
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TRUUSDT - IS IT SET FOR A NEW 77% RIDE?Truusdt is trading in a descending channel and its currently at the edge of the descending trendline. Is it set for a new rally or breakdown to previous lows then boom again. Before taking a position either long or short, wait for breakout with a retest at the indicated spot on chart before taking a long position.
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Cup and handle formingTru fits all of my criteria.
1. Low market cap (lots of room for growth)
2. Good project (team, investor backing, scope, goal).
3. Getting listed on Coinbase today.
We see a cup and handle forming. As long as BTC does not die in the middle, we can expect upside as it breaks into the top 100-200 market cap range.