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SUN / TetherUS

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SUNUSDT trade ideas

Falling Wedge Pattern Like in a TextbookI don't know about you, but I see a clear falling wedge here. I'm sure you are looking for information on whether SUN will fall further, and I think I have an answer, at least one that I plan to believe. Positive Background: - SUN is still an important part of the TRON ecosystem and is actively supported by the CEO. It's not exactly a meme coin made by a high school kid in a basement. - Volume has increased dramatically in recent months, just to understand the long-term trend - and it's dipping for now, which is part of the pattern I'm talking about below. - New product launches like SunPump, which will no doubt keep interest in this coin going forward. Negative Background: - The U.S. market has seen better days and may just collapse in the next six months, wiping out the economies of half the world. But I think in this case it won't really matter whether you keep your deposit or not. - The price is typically completely copying bitcoin in consolidation zones, and bitcoin as you know is preparing for its last disembarkation of passengers before flying to $250k, which will mean an imminent terrible drawdown. What pattern we have: Look at the chart, it looks like a falling wedge! So far the pattern is going textbook and there is no point in us resisting it. Including, look at the Fibonacci retracement and how much it affects the key levels. Separately, we can talk about the EMA 100 line, which is only essentially where price is stuck. As I see it, we will continue to see falling volume , further movement in the channel with 2-3 serious fails to break out. The EMA 200 will continue to move and when it meets the price it will probably push back and that will be the signal for the algorithms to go long . This will be just at the end of the wedge. What I'm going to do: I was one of the unlucky ones who took a long at the very peak, and all the while I'm trying to hedge to save my money. Unfortunately, the last drawdown took me to a bottom that I'm not sure I'm going to get out of. But at least I will share my view on this situation. I was still able to save some stuff, so I will count on this pattern to play out, which in this case will bring me back to the kings. Tell me what you think about this situation, I'd love to hear any opinions.
by Paramonov95
SUN Ready for a Strong Bounce Off Support with BTC Holding $57kAs Bitcoin holds strong at the critical $57K support, all eyes are on TRON (TRX) and its ecosystem, particularly the SUN token, which is showing signs of bouncing off a significant support level. The recent market activity suggests that TRON's ecosystem, backed by Justin Sun, is gearing up for major moves, especially with the hype around upcoming innovations like gas-free stablecoin transfers and TRON's expanding market share. Technical Setup: TRX: Currently bouncing off a well-established support level with bullish RSI divergence. The overall trend remains positive as the broader market stabilizes. SUN: Mirroring TRX’s movement, SUN is also poised for a rebound, supported by the recent accumulation phase and the upcoming strategic developments in the TRON ecosystem. BTC Support: Bitcoin's stability at $57K provides a strong backdrop for the altcoin market, including TRX and SUN. Justin Sun’s Market Influence: With Sun actively involved in strategic purchases and ecosystem expansion, there's potential for a significant price movement driven by his backing and market influence. Hype Factor: The TRON network has been gaining traction with its recent developments, and the market is paying attention. SUN, being a part of the TRON ecosystem and directly influenced by Justin Sun, is likely to benefit from this renewed interest. Set a tight stop-loss below the recent support levels to manage downside risk. Watch for Bitcoin’s hold at $57K; any breakdown here could impact the broader market sentiment.
Long
by Willell1367
SUNUSDT SHORT 15m SUN is a social experiment, which focuses on the DeFi potential of TRON, and it is designed as the quintessential Bitcoin equivalent on TRON with 0 VC investments, 0 PE investments and no pre-mining. We rejected from weekly resistance confirmed via bearish candle formation on multiple intervals. Leaning towards filling the imbalance below after explosive upside move. LTF entry above should provide relatively quick feedback on the outcome. I will re-short little higher if SL gets tapped, stay tuned for updates and good luck.
Short
by kmiarka
Strategic Buy Opportunity in SUN Cryptocurrency(#2)Description: Unlock the potential of SUN cryptocurrency with our strategic guide tailored for TradingView users. This overview combines fundamental insights to help you make informed buy decisions in the dynamic world of digital assets. Fundamentals Overview: 1. **Blockchain Ecosystem**: SUN operates on the TRON blockchain, which is known for its high transaction speeds and low fees. Understanding the underlying technology and the network's scalability is crucial for evaluating SUN's potential. 2. **Use Cases**: SUN is deeply integrated into the TRON DeFi ecosystem, primarily used for governance and staking in various DeFi projects. Keep an eye on the growth of TRON-based DeFi platforms, as their success directly influences SUN's demand and utility. 3. **Market Sentiment**: The overall sentiment in the crypto market can significantly impact SUN's price. Factors such as regulatory news, mainstream adoption of cryptocurrencies, and investor interest in decentralized finance (DeFi) are key drivers. 4. **Supply Dynamics**: SUN's tokenomics, including its total supply and distribution model, play a vital role in its price dynamics. Monitoring token burns, staking rewards, and new token releases can provide insights into future price movements. Disclaimer: Cryptocurrency trading involves substantial risk and may not be suitable for every investor. The market for digital assets is highly volatile, with prices subject to rapid fluctuations based on market sentiment, technological developments, and regulatory changes. It is essential to conduct thorough research, understand the risks involved, and carefully consider your financial situation before trading SUN or any other cryptocurrency. Always consult with a financial advisor if you are unsure about your investment decisions. --- Use this guide to enhance your strategy when trading SUN cryptocurrency, ensuring your buy decisions are supported by solid fundamentals and a deep understanding of the market landscape. Stay informed and ready to seize opportunities in the evolving crypto space.
Long
by MoonTradingForecast
3
Despite The BTC Price-Top 3 Reasons Why This Crypto Is Going Up Listen it is difficult to find good plays in crypto because there are so many tokens out there to trade on the crypto market but this one is unique because it follows this 3 step system called "The Rocket Booster Strategy" The price is above the 50 EMA The price is above the 200 EMA The price is in a gap-up trend This 3-step system is the 3 reasons why this crypto pair will go up. Remember to learn more rocket boost this content Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.
Long
by lubosi
SUN Is Up 350% — Does It Still Make Sense To Enter?SUN is one of the tokens which profited massively from the Tron hype. It pumped ~350% in the last seven days. In case you don't know: SUN is the native token of the SUN ecosystem — the biggest platform for swap, yield farming, and self-governance on the TRON chain. Additionally, they introduced Sun Pump — the first meme fair launch platform on Tron. Sun Pump was one (or THE) driver behind the latest Tron hype. Here's the cool part: The more memes, the more protocol revenue, and the more SUN supply gets burned—a powerful flywheel. Should You Buy SUN Now? Buying a token that has just increased 350% always feels like buying the top. Therefore, I wouldn't invest all my money at this level. On the other hand, it looks like we're just at the beginning of the Tron hype. Accordingly, SUN can go much higher in the mid-term. Considering the above, the best approach is DCAing on dips. For example, if you want to invest $1,000, you buy $50 each time it dips x% (e.g., 5%). By doing so, you can reduce the risk of both buying the top and missing the train.
Long
by ben_walther