As previously mentionned in the short-term analysis for TRX (cf link below), I would like to share my mid-term view on this crypto.
In 2D TF, we can see that selling pressure is increasing:
MFI values broke and were rejected by its long-term trendline
The same phenomena are confirmed with OBV
In lower TF (1H), the selling signal is triggered as shown in my previous post (link below).
This crypto is highly volatile, consider your risk management.
Trade active
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It's unnormal that TRX's prices has been going up recently while BTC and other cryptos was bleeding. Trading volume of TRX has not supported this price action. Short is still active.
We see the same outcome for this coin great one!!!
evasivesteering
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@SwallowPremium, Thanks for comment. Let's wait the FOMC meeting's outcome today to see if things change.
InvestMate
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I expect to see increases on Tron over the coming weeks
evasivesteering
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@InvestMate, It would be quite patient with this trade in my opinion. Let's see what will come the next weeks. Thanks for sharing your view (here and on your page).
Puri0126
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Stoploss sir
evasivesteering
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@Puri0126 Hi, with the current structure, $0.06 could be a SL for this trade IMO.