TRX (Tron) Analysis 5/12 TRX-USD

Tron (TRX / USD) is currently correcting the forecasted region between $ 0.06 / 0.05 with its correction. This area is shown in the screenshot by the gray box.

Now it will be interesting to see how the price will behave in this area in the next few days. Ideally, this pullback response to the former breakout level from above should stabilize the price. Chart-oriented traders use exactly such situations to position themselves in the market. An old resistance is now becoming a support.

It is therefore reasonable to assume that shoppers will enter the market when the price of TRX has reached around $ 0.055.
The whole scenario loses its validity if the price falls below $ 0.03.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!

Cheers Jessy