Tron(TRX): Major Resistance Is About To Be Broken!

Tron has reached that major resistance, which is marked as the ATH zone as well (since 2021).

We are looking very closely at the weekly time frame to see where the candle will close.

From there on, we will decide if our potential short setup will be valid or not. Now all we can do is wait and be ready!

Swallow Team

Comment:

Taking a look at the Tron coin in a smaller timeframe, we see a lot of FVG zones formed just near and below that major resistance zone.

While we are waiting for weekly candle closure, we might see some grabs happen to lower zones (if we see the closing of weekly candles below resistance zone)

Comment:

Weekly is looking promising for bulls as of now, but we are not giving up on our potential short position (upon seeing the price close below the resistance zone).

Breaking that first FVG on weekly would be a good entry, for sure.