Tron(TRX): Quick Pump&Dump 👀
Tron has had a really nice downward movement dumping from top and breaking nicely that 100EMA on daily timeframe.
Now that we have almost touched the 200EMA as well, we see a very serious pump and dump scenario here, which means we will most likely see a re-test of the broken. We will be looking at price action in that zone and be ready for any potential rejections to happen!
Swallow Team
Now that we have almost touched the 200EMA as well, we see a very serious pump and dump scenario here, which means we will most likely see a re-test of the broken. We will be looking at price action in that zone and be ready for any potential rejections to happen!
Swallow Team
Comment:
Tron has been reejected at the 100EMA zone, which has also been marked as our resistance zone.
The previous daily candle got closed below it, and the new one is already showing us some nice weakness (a good start for sure).
The previous daily candle got closed below it, and the new one is already showing us some nice weakness (a good start for sure).
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With that being said, we are looking for a rejection to happen soon, but we are keeping an eye on that middle line of Bollinger Bands, which might be tested as well!