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$TRX Currently around 0.3270 USDT. Do you think we should keep grinding higher here, or is it about time for a pullback?
If I had to give a conclusion, I’d lean more towards: after the pullback ends, the upward trend will continue.
Here’s my main reasoning:
First, strong coins are pulling back but not deeply, indicating buyers are still willing to buy.
Second, near key support levels, volume is decreasing, suggesting selling pressure isn’t as heavy as imagined.
To add one more point, prioritize looking for three types of short setups: failed breakouts, rebound traps, and key support breakdowns.
Suggested entry price: 0.3244 USDT
First target for taking profit: 0.3440 USDT
Stop-loss position: 0.3165 USDT
But the biggest risk at this level is high-volume attempts to push higher that fail.
If you were trading this, would you buy first and watch a bit longer, or just stay away altogether?