Despite the pessimistic mood on the crypto market, the creators of TRON do not lose optimism, and develop the project, sharing with the world their significant events. We promised to follow the project because, in our opinion, it has great potential and all possibilities for wide adoption.
November 28 began an upward trend of the asset, and at the moment the increase was 31%. Note that 26% of this rise occurred on one day - November 28th. About 30% of the purchased of coins were sold the next day. At the same time, the average trading increased 5 times.
On December 7, it was observed a vivid activity of buyers again, with volumes 2 times higher than the average, but a large number of short positions were noted, almost all the purchased before was sold out. The first upward movement lasted 3 days, with steadily high volumes, the second rise lasted 2 days.
Now the volumes have returned to the average values, which indicates a decline in the interest of buyers and a possible fall in the rate. Despite the fact that the shows an upward trend, the weekly chart indicates that the price is approaching the resistance line at 0.00000406, which is unlikely to be broken due to weak buyers. This gives reason to expect the price to roll back down at high speed. We follow the price in the attention zone of 0.00000330 - 0.00000340 and observe the activity of traders, a consolidation is possible in this zone and the rebound may not reach the support line - 0.00000334, which looks rather weak on the weekly chart. Raser safe entry points to assets is in the range of 0.00000315-0.00000322. We do not set exit and stop-loss points, because probably a quick upward movement. Should follow the of trades - with their increase an optimistic scenario is possible.