TRU is approaching the $0.14 support zone and if it doesn't lose it it will rally to $0.18 and $0.24 in August. However if it loses the $0.14 area it will fall back to $0.12 or even 0.09$

🔴Buy : 0.137-0.143$. SL if B
🔴Sell : 0.176-0.184$. SL if A 🔴Sell : 0.235-0.245$. SL if A
🔵Sell : 0.137-0.143$ if B. SL if A 🔵Buy : 0.117-0.123$ if A. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & 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

  • TrueFi (TRU) is the ERC-20 native utility token of TrueFi, a Decentralized Finance (DeFi) protocol for uncollateralized lending.
  • TrueFi works in the following ways:
    • Lenders:
      • Add TrueUSD (TUSD) into a TrueFi pool to be used for lending, earning interest and farming TRU. Any unused capital is sent into the Curve protocol to maximize earnings.
    • Borrowers (e.g. OTC desks, exchanges, and other protocols):
      • Submit proposals to borrow capital from the pool. They submit the amount of capital they want, the % APY they are offering, the term, and the Ethereum address that will receive the loan capital if the proposal is approved.
      • Borrow funds from the TrueFi pool by submitting requests subject to approval by TRU stakers who vote on these proposals. Each vote exposes participating TRU holders to upside or downside based on if the loan ends up being successfully repaid. As such, TRU stakers are incentivized to vote carefully.
      • Borrowers must return the principal and interest on or before their respective loan terms expire. Delinquent borrowers will face legal action pursuant to the loan agreement signed.
  • In the future, TRU token holders will also be able to participate in protocol governance decisions to direct the future development direction of TrueFi.