Everyone is selling
$TRX over the Binance hack — but $0.30 is exactly where this gets interesting.
Quick facts (Nov 1, morning UTC):
• Price: ~$0.302–$0.31, down ~7–9% in 24h — the biggest loser among the top 10
• Why: the Binance hot-wallet theft (Oct 30) — on-chain data shows $234M of stolen USDT was swapped into 638M TRX via SunSwap on Oct 29, and traders fear that stash hits the open market
• Technically stretched: 7-day RSI near 34 (oversold), price broke below its daily Bollinger lower band and fell through the 7-, 30- and 200-day moving averages
• Coming up: TRON Proposal 108 (smart-contract storage upgrade) takes effect Nov 2 at 12:00 GMT
The setup (oversold bounce):
• Entry zone: $0.300–$0.308
• Stop-loss: $0.289 — a daily close below $0.29–$0.30 means the floor is gone
• Target 1: $0.321 (swing-low pivot)
• Target 2: $0.33 (200-day average + MA cluster)
• Target 3: $0.34 (resistance)
• Confirmation: a daily close back above $0.33
The risk is real: if the hacker-linked wallets move more TRX onto exchanges, $0.30 breaks and there's no clean floor underneath. This is a bounce trade on fear, not a long-term call.
Educational setup, not financial advice.
Would you buy the TRX dip at $0.30, or wait until the hacker wallets stop moving?
#Tron