Technical analysis by tradeasan about Symbol TRX: Sell recommendation (3/12/2025)

Daily Chart: Overall Approach: In the above image you will see the price of the ترون price. The trend lines (1, 2, 3 and channel lines 4 and 5) are seen in the image, which are characterized by numbers (4 and 5), the ceiling and floor of the correction or descending price are very important. Future Price Status Analyzes Correction Channel (Lines 4-5): The price within this channel is moving. The price is moving towards the channel's floor after colliding with the channel ceiling and due to the inability to break the channel ceiling (to exit the correction). Correctional Channel Floor: Ahead of the price, the floor of the correction canal is itself a support line. Note that this line is in line with Trend Line 3. Therefore, the price can be expected to move again to the channel ceiling after colliding with the channel floor (simultaneously in line No. 3). The support line of $ 0.2250: Currently, the price has been dealing with the support area and is falling under the area. The price of ترون at the moment of this analysis is $ 0.2223. Support line $ 0.2,000: This area is similar to line number (2). Given that we analyzed the above, this support line was most likely broken, so we can now get the price area of ​​this line. In this case, after the area was broken, there was a higher price drop. Future prices for the support zone of $ 0.2250: Given that the price is now moving to the floor of the channel and given the price below 0.2250, we can say that the support zone is 0.2250 dollars. First, it is a Rand price area and is very important in the emotional point of view, and the breakdown of such emotional areas causes the speed of decline. It is also the price of the canal floor and the breakdown of this area can make the canal weaker. So pay attention to this price area and fail to open the purchase position temporarily to see positive signals in the price trend. Channel floor breaks: Breaking the floor of the correction channel ( # 5) is very important. Note that if the price comes down this level and there is no favorable Fundmental events, see the price of $ 0.1,000 in ترون. Keep in mind that any analysis can be elephant. Technical analysis is done regardless of the Fundemental, and the Fundemental in digital currencies is very positive and has a huge impact on price and trends. Until the price is within the correction channel, any support can be of great importance.