TRX need to chill down a bit. Here's why:
Updated
If you are non leverage trader and play swing on Tron, you already showed by a nice ping-pong trade with 20% - 35% range profit if you catch the bottom and sell top. If you are a leverage trader, even better, since you can short them on Bitfinex.
Tron has acquisition of one of the largest peer-to-peer network BitTorrent. They was winning against NEO bid with more than US170M. This is a significant amount of money and also showing us that TRX are really not playing cheap for the long-run. This will be assure your moves on this coin that even though you are buying top and then goes underwater, you're can still rely on their fundamental background.
I believe Tron will be one of the strongest coin and company out there through the blockchain tech. Technically I'm making Tron as my favorite swing. Which right now from what i see, I believe that TRX need to chill down to 336 or for worst case 309 before seeing another leg. With resistance 376 and i will switch my analysis to long.
Tron has acquisition of one of the largest peer-to-peer network BitTorrent. They was winning against NEO bid with more than US170M. This is a significant amount of money and also showing us that TRX are really not playing cheap for the long-run. This will be assure your moves on this coin that even though you are buying top and then goes underwater, you're can still rely on their fundamental background.
I believe Tron will be one of the strongest coin and company out there through the blockchain tech. Technically I'm making Tron as my favorite swing. Which right now from what i see, I believe that TRX need to chill down to 336 or for worst case 309 before seeing another leg. With resistance 376 and i will switch my analysis to long.
Note
First target reached.Trade closed: target reached
Close. Target reached! Happy for all!
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