$TRX #TRX
Everything is red, except TRX. Why is it up 7.9 percent?
TRX is around $0.357 this morning on CoinGecko, up about 7.9 percent in 24 hours, with a range of $0.329 to $0.367, while BTC is down 3.7 percent, ETH down 4.4 percent and SOL down 5.2 percent. My conclusion from this data is simple, this is divergence, not proof that the market has bottomed. One green coin in a fear driven selloff usually means rotation or its own news flow, not a market wide reversal. I would not chase TRX here just because it is green, and I would not use it as a reason to buy BTC either. The real test is whether TRX holds above $0.35 when BTC stays weak, or fades back with the rest of the market.
Do you think TRX holds $0.35 today, or fades back below it?
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Everything is red, except TRX. Why is it up 7.9 percent?
TRX is around $0.357 this morning on CoinGecko, up about 7.9 percent in 24 hours, with a range of $0.329 to $0.367, while BTC is down 3.7 percent, ETH down 4.4 percent and SOL down 5.2 percent. My conclusion from this data is simple, this is divergence, not proof that the market has bottomed. One green coin in a fear driven selloff usually means rotation or its own news flow, not a market wide reversal. I would not chase TRX here just because it is green, and I would not use it as a reason to buy BTC either. The real test is whether TRX holds above $0.35 when BTC stays weak, or fades back with the rest of the market.
Do you think TRX holds $0.35 today, or fades back below it?
#Tron #Crypto #FuturesTrading #TradingSignals
Follow for more trades
