【TRX bottoms in a fearfully extreme range—what did I see?】
Yesterday, a fellow trader asked me whether TRX is worth bottom-fishing. I told him to wait first. He asked, “Wait for what?” I said, “For me to get itchy.”
Today, TRX is again consolidating on shrinking volume. It’s up 1.3% over the last 24 hours, and over 7 days it’s basically gone nowhere. The FNG index is 73—market sentiment is still greedy—but anyone in the know understands this: extreme greed is often the graveyard for retail investors.
This time, I don’t want to talk about technicals. The 0.327 support and 0.346 resistance are right there for anyone to see. But what’s truly interesting is something else:
This move down from the high is nearly 22%, and in the last 30 days TRX is only up about 4.3%. In other words, if you chased at the top, you’re still struggling to get back to breakeven.
If volume can’t pick up, it means there aren’t enough people bottom-fishing—big money is still watching from the sidelines.
Honestly, I’ve used TRX. The USDT transfers in the Tron network are fast and cheap—there’s nothing to complain about there. But the problem is—Tron’s ecosystem is too dependent on Justin Sun. When he’s making moves, TRX can fly; when he’s low-key, TRX grinds. This isn’t value investing—it’s a momentum/emotion coin.
What I mean is: if you’re currently holding no position and want to pick up a starter position in this extreme fear zone, you can pay attention to the 0.327 level. But don’t go all-in, and don’t treat it like a sure-thing.
In 2021, I thought the same thing. And then what happened?
Anyway, I don’t have a position right now, but I’m watching. It’s not that I don’t feel itchy—that’s fake. But the wounds from 2017 haven’t fully healed yet. Staying steady is always the right call.
What about you? In this TRX move, do you dare to scoop? Or are you already stuck in a position you can’t even move out of?
Yesterday, a fellow trader asked me whether TRX is worth bottom-fishing. I told him to wait first. He asked, “Wait for what?” I said, “For me to get itchy.”
Today, TRX is again consolidating on shrinking volume. It’s up 1.3% over the last 24 hours, and over 7 days it’s basically gone nowhere. The FNG index is 73—market sentiment is still greedy—but anyone in the know understands this: extreme greed is often the graveyard for retail investors.
This time, I don’t want to talk about technicals. The 0.327 support and 0.346 resistance are right there for anyone to see. But what’s truly interesting is something else:
This move down from the high is nearly 22%, and in the last 30 days TRX is only up about 4.3%. In other words, if you chased at the top, you’re still struggling to get back to breakeven.
If volume can’t pick up, it means there aren’t enough people bottom-fishing—big money is still watching from the sidelines.
Honestly, I’ve used TRX. The USDT transfers in the Tron network are fast and cheap—there’s nothing to complain about there. But the problem is—Tron’s ecosystem is too dependent on Justin Sun. When he’s making moves, TRX can fly; when he’s low-key, TRX grinds. This isn’t value investing—it’s a momentum/emotion coin.
What I mean is: if you’re currently holding no position and want to pick up a starter position in this extreme fear zone, you can pay attention to the 0.327 level. But don’t go all-in, and don’t treat it like a sure-thing.
In 2021, I thought the same thing. And then what happened?
Anyway, I don’t have a position right now, but I’m watching. It’s not that I don’t feel itchy—that’s fake. But the wounds from 2017 haven’t fully healed yet. Staying steady is always the right call.
What about you? In this TRX move, do you dare to scoop? Or are you already stuck in a position you can’t even move out of?