![png_20220326_192449_0000.png](https://cdn.steemitimages.com/DQmYgAbHXVMWvWTDVXWirwenNa7SG9mRpAQuJLF2nDVvkVw/png_20220326_192449_0000.png) ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) **Introduction of TRON Coin** ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) Tron is a decentralized blockchain technology that was created in 2017 by a guy named Justin Sun. Justin Sun is a well-known figure in the fields of technology and entrepreneurship. The Tron Foundation was created to aid in the evolution of the Tron ecosystem, and Justin has been the project's team head from its inception. The initiative was created to eliminate the usage of a centralized online payment platform. The Tron blockchain is primarily concerned with smart contracts. After a successful initial coin offering, the Tron ecosystem's mainnet was launched in June 2018. Tron has risen to number 20 in the list of cryptocurrencies by market capitalization. Tron enables Decentralized Application developers to construct their apps and utilize them via smart contracts. The platform's transaction speed is one of the features that makes it stand out and attracts numerous DApp developers. The platform has a processing speed of 2000 transactions per second. Furthermore, Tron has a relatively cheap transaction cost, which encourages many traders to utilize it. ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) **History of Tron** ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) Tron's beginnings may be dated back to the year 2017. At this time, Justin Sun, the foundation's CEO, founded the Tron Foundation, a non-profit organization. The organization's mission was to create a decentralized internet infrastructure. Justin Sun is a Chinese graduate of Ma's Hupan University. His background set the tone for his career in technology. On the platform, you can do a lot of things. On the platform, token assets can be issued. On the Tron platform, DAPPs may be developed and run smoothly, as well as staking and voting for greater rewards and asset transfers. ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) **What is TRX** ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) Tronix is abbreviated as TRX. It is a Tron blockchain native token. It's a utility token that serves as a medium of exchange for all TRC tokens in the Tron ecosystem. TRX now has a market capitalization of $6,585,628,241 and a trading volume of $825,167,842, which is reasonable. This demonstrates that investors are willing to put money into this project. The total circulating supply is 101.70B TRX. ![iMarkup_20220326_155959.png](https://cdn.steemitimages.com/DQmXZS7TwVXYmwChHw7jsCLya91WnJUUNyPUbmUZUngbyPL/iMarkup_20220326_155959.png) The TRON token reached an all-time high (ATH) of $0.3004 on Jan 05, 2018. The TRON token reached an all-time low of $0.001091 on Sep 15, 2017. ![iMarkup_20220326_160853.png](https://cdn.steemitimages.com/DQmcP2Dw3HZE3SK5bWm7Eh5Sq6kA2sesAajTfTP9pK4jVjR/iMarkup_20220326_160853.png) ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) **Technical Analysis TRX/USDT** ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) In this section, I'll set up a real trade position using the Median indicator's signal. The analysis will be done with Tradingview, and the trade execution will be done with Binance. A green cloud provides a bullish indication when the median line crosses above the EMA. A purple cloud represents a negative indication when the median line passes below the same-length EMA. ![Screenshot_20220326-173900_TradingView.jpg](https://cdn.steemitimages.com/DQmegBzF4YeYGKEDgTA4His9cUKKFqQGxgSPV2nqo8LCG1p/Screenshot_20220326-173900_TradingView.jpg) This is a TRX/USDT trading pair with a 15-minute timeframe. As indicated in the picture above, the median indicator has changed from a purple to a green color band. A Buy Signal is indicated by this modification. As you can see in the image above, I've indicated the position of my entry following the signal. I've established the Take Profit and Stop to ensure proper risk management. ![iMarkup_20220326_225746.png](https://cdn.steemitimages.com/DQmUv7vnS3Teg5c8ifvaytYMDQ1AtrVsfqVtGHwkzh2CU8K/iMarkup_20220326_225746.png) Buy Price: 0.06491 Filled Amount: 154.1 Asset used for purchase: 10.00263100 USDT Fee: 0.15410000 TRX ![iMarkup_20220326_225709.png](https://cdn.steemitimages.com/DQmRYYSfVioA71eEhqSokyme7jAUneQg2teqMbV98zMzD8Y/iMarkup_20220326_225709.png) Buy Price: 0.06498 Filled Amount: 154.1 Asset used for purchase: 10.00042200 USDT Fee: 0.01000042 USDT Profit: 0.002209 ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) **Why are you optimistic on this token today, and how long do you think it can rise?** ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) The asset's market structure is also quite tidy. This is because practically every period examined indicates the asset moving in a negative way. As a result, I have high hopes for the token. ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) **Do you recommend everyone to buy and the reasons for recommending/not recommending?** ![divider.png](https://cdn.steemitimages.com/DQmY7hGur4u27gLb44sZd755QZVroPRTeDeCb1g6jW7JZbA/divider.png) I do not recommend any trader to buy TRX. Because the market is not stable. And we are in a bearish season. Unless the trader is willing to hold it for the future when TRX price skyrocket. Thank you prof @shemul21 and @abdu.navi03 for this opportunity