I'm not sure what I think about TRX long term, but it will probably achieve an all time high with main net launch, and so there's an opportunity to accumulate more BTC which is ultimately my primary goal in crypto swing trading. I'm not setting a specific sell amount. I'm planning on paying close attention on launch day and in the time right after.
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It just hit .00000880 This is a great entry considering main net is 2 days away. I'm buying more here.
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Well, I didn't see this coming, though with TRX tied to BTC it is of course possible and did happen. I'm going to see where it goes before adding. Definitely not going to panic sell anything. Much of my TRX comes from sub 650 levels. I say HODL for two days and see. Sun must not be happy BTC is where it is with the launch but a delay in launch I think would be short term disastrous.
Although Bitcoin is down, and Tron has been remaining steady at circa $0.07, I'm still somewhat surprised Tron hasn't made a strong Bull move by now to above previous ATHs...?
Hmmm.... makes you wonder
Kavalier77
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@mhfcrypto, I've thought about this too. I think BTC is a big part of it. I also think people will really wait to see if the launch occurs on time as promised. I think the people who are counting on it, are already in TRX. A lot will FOMO when they see the percent increase in their apps, or binance launch screen or whatever. It's partially why I think the pump won't be that big. Folks are already in. That's why I'm waiting to see before I set my sell orders.
mhfcrypto
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@Kavalier77, 100% agree with everything you said. Also, remember, it's a long-weekend in USA this weekend. I think we might have to wait until Tuesday (possibly Monday) to see what BTC wants to do.
If BTC was stable or slowly increasing, TRX would probably already be at $0.11 or something.
If BTC hovers around $7300 for the next few days, I think people will return from the weekend and buy up BTC, and TRX will then rocket prior to MainNet launch. If BTC decreases to 7K or below, I think most will return from the weekend and sell due to fear.
So, yes, I agree that many people are already in TRX....but there's definitely a massive percentage sitting on the fence waiting to see which way BTC will go after the weekend or long-weekend...hey, I'm one of them! LOL
Peace :-)
Jefhughe
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That's my plan too. It's looking like a perfect storm to accumulate more by.
Hmmm.... makes you wonder