After rallying 50% over the course of 4 days I believe a massive dump is ahead. This coin is notorious for pumping hard and fast and dumping harder and faster. I would not be surprised if this coin overshoots my short target because it is sitting under some multi-year resistance as well as an overhead significant trend line. The volume profile shows the possibility of a lot of support above $0.02.
At 2.4 cents I got out after taking some profits before because I saw weakness in the chart but it surged another 30%. Not familiar with trading tron and its pairs but it sure looks unstable and I feel exhaustion is nearing. In my opinion testing the psychological 2 cent level seems the most solid option for further growth, otherwise consolidation in the form of distribution or a forming bear flag are on the menu. I agree that further continuation is very unlikely imho. Dream situation would be a forming bullish triangle with the indicated 'Strong Multi-Year Resistance' as the upper limit to eventually breakthrough ^^
ps: Today is the launch of the 'JustSwap' on trons main net lets see what that does for people who have still money on the line. The pumping nature is driven by trons marketing strategy I believe ;)
Tapita
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You see after 2 days of your post there is not massive dump, no drama here. TRX is going well and you were wrong again.....that is a fact. 0k
ceesounds
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@Tapita, Where are your charts so we can see how often you are right??? You are a typical TradingView leach looking for ideas because you can't come up with your own.... that is a fact. 0k
ps: Today is the launch of the 'JustSwap' on trons main net lets see what that does for people who have still money on the line. The pumping nature is driven by trons marketing strategy I believe ;)