After a classic pump and dump structure completed, TRX/USD undergone a crash to 0.021, which is a key supporting level shown in the chart.
In light of the drastically diminished volume, the selling pressure I believed has largely mitigated. As long as Tron hold above the supporting trendline, the big trend generally is intact and the bull may be able to push the price higher again. I realized a lot of crypto community investors recently has accused Tron of rapacious manipulation, bringing about market frenzy and unrest. Put that aside, TRX/USD was a very volatile pair and generated many tranding signals for CTA strategies. In the bear market, sometimes, we need some kind of disquieting price behavior to foment trading and speculation.
In light of the drastically diminished volume, the selling pressure I believed has largely mitigated. As long as Tron hold above the supporting trendline, the big trend generally is intact and the bull may be able to push the price higher again. I realized a lot of crypto community investors recently has accused Tron of rapacious manipulation, bringing about market frenzy and unrest. Put that aside, TRX/USD was a very volatile pair and generated many tranding signals for CTA strategies. In the bear market, sometimes, we need some kind of disquieting price behavior to foment trading and speculation.
