【If TRX drops to 0.30, do you sell or not?】
I thought about this question, and there really is no standard answer.
Let me share the basis for my judgment. First, look at the daily structure—after the low in July, TRX has been digesting the gains. The 7-day decline of 1.6% doesn’t look significant, but the shrinking volume tells you what? It indicates that nobody is taking orders at this level, and nobody is aggressively dumping. In other words, both sides are waiting, waiting for a signal to break the stalemate.
I’m watching two key price levels. 0.345167 is the recent rebound high; if the bulls want to regain control of the rhythm, this level must be broken. 0.325696 is support below; if it breaks, sentiment will weaken instantly. These two levels right now are the boundary lines of the bulls-and-bears tug-of-war. Break either one, and the trend will become clear.
So what’s the logic behind bringing this down to a practical decision?
I’m clear about where TRX’s recent heat is coming from—narratives like stablecoin payments and cross-border transfers. But the problem is: have these application-layer developments truly shown up in on-chain data? If they had, the price would have already moved, not just grind around at this level. I’m not saying it won’t work—I’m saying the market hasn’t formed consensus yet on whether it can keep rising.
So my view is: in the short term, it may still need to probe downward a bit. This isn’t bearish—it’s just that at this point, the main force may be more inclined to first wash out the unconfident floating positions, then choose to break upward. Whether it can hold 0.325696 is the key—if it holds, after a period of range trading the direction will become clear; if it doesn’t hold, then the psychological importance of the next support will be even greater.
What’s your mindset right now? Are you willing to make a move with this wave?
I thought about this question, and there really is no standard answer.
Let me share the basis for my judgment. First, look at the daily structure—after the low in July, TRX has been digesting the gains. The 7-day decline of 1.6% doesn’t look significant, but the shrinking volume tells you what? It indicates that nobody is taking orders at this level, and nobody is aggressively dumping. In other words, both sides are waiting, waiting for a signal to break the stalemate.
I’m watching two key price levels. 0.345167 is the recent rebound high; if the bulls want to regain control of the rhythm, this level must be broken. 0.325696 is support below; if it breaks, sentiment will weaken instantly. These two levels right now are the boundary lines of the bulls-and-bears tug-of-war. Break either one, and the trend will become clear.
So what’s the logic behind bringing this down to a practical decision?
I’m clear about where TRX’s recent heat is coming from—narratives like stablecoin payments and cross-border transfers. But the problem is: have these application-layer developments truly shown up in on-chain data? If they had, the price would have already moved, not just grind around at this level. I’m not saying it won’t work—I’m saying the market hasn’t formed consensus yet on whether it can keep rising.
So my view is: in the short term, it may still need to probe downward a bit. This isn’t bearish—it’s just that at this point, the main force may be more inclined to first wash out the unconfident floating positions, then choose to break upward. Whether it can hold 0.325696 is the key—if it holds, after a period of range trading the direction will become clear; if it doesn’t hold, then the psychological importance of the next support will be even greater.
What’s your mindset right now? Are you willing to make a move with this wave?