I have been questioning the bullish moves of TRX for the past few months.
This is my first post and I'd like to share my thoughts with the community:
Perhaps it is time to enter a small short position.
If BTC continues to fall, at some point TRX would also show a trend reversal from bull to bear.
Tron DAO team has a lot more money than us so be prepared to get stopped out!
This is my first post and I'd like to share my thoughts with the community:
- TRX has been bullish all year making higher lows, while BTC and other alts have been falling. The project is now Top 15 in terms of market cap, but is this rapid growth really well deserved?
- USDD may have already been de-pegged, perhaps we are too scared to admit it yet.
- Tron DAO team is injecting liquidity but that's essentially fighting against the market, is that sustainable? Unless they have infinite money..?
Perhaps it is time to enter a small short position.
If BTC continues to fall, at some point TRX would also show a trend reversal from bull to bear.
Tron DAO team has a lot more money than us so be prepared to get stopped out!