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Osilva
Jan 18, 2018 9:52 AM

TRON TRX UPDATE Long

TRON / BitcoinBinance

Description

Tron reached the former downward channel, which is a good sign.

It also bounced as expected from the former breakout level at 430-470.

Comments
Nitinnishant
Where do you see TRX by the end of January?
Osilva
@Nitinnishant, If I had to guess I would say if we sustain above 933 we go up to 1500 until end of month. All I can say is that as long we stay above 430-470 chances are good for further rise
Nitinnishant
@Osilva, Makes perfect sense. TRX seems to be handling itself well above 800. It may soon test the resistance at 933 I guess? Do you suggest taking the risk and selling off my tokens at 933? If yes, then where would be the best range to buy them back?
Osilva
@Nitinnishant, Yes it may. Selling and Buying back I can imagine is logical at 1200-1300 as some people may want to get out there at break-even or with some profits - buyback then at 930-1000 if it makes sense to you - if no major announcements are made by tron until then. Also with the current momentum and from experience it can surpass 933 quite fast and you would end up chasing it up.

Good Luck with whatever you do!
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