If the channel line is broken, the support line drops, but if it does not, it reaches the first goal and then the second goal, which is less likely than the first goal.
Share your opinion
RHRN, the AVWAP on this 4 hour chart could act as support. If we hold here, this could be a an entry on a shorter timeframe. If not, look for price to drop; this AVWAP line should then act as some resistance.
Tron gained about 250% in just 6 trading days and, after an initial correction to 0.1, has recovered about 50% of the drop.
In my opinion, a new leg down will follow from this point and we can see the price under 0.1 soon.
On the other hand, if the price manages to rise above 0.13 again this scenario is invalidated
