TRON (TRX) has started showing a little more interest from buyers! | 10% reward to the @tron-fan-club

Hello and welcome to episode 11 of TA (Technical Analysis) Today we are diving into the TRX Token!

10 days ago, after confirmation of strong buying in TRX token from key support, I created my first position in TRX token and explained my complete analysis to you through one of my posts. Since then, due to the volatility squeeze, this token was constantly moving sideways to slightly up and now finally it has started showing a little more interest from buyers.

However, this token still looks somewhat stuck in the same range, which you can understand from the screenshot above. but looking at this uptrend it seems that If it has to make a good move now, then based on the price action, this is the right place. Because after buying came from that key support, the price has not only held at the higher level, but if you look at a timeframe smaller than 1 day, you will also see it in an uptrend in which some dominance of buyers is also clearly visible.

Although I have not seen trap trading in this token in particular, there is still a possibility that the price may once again test the key support trendline coming from below and after that, the upside journey gains momentum. Either way, I see a strength formation in this token with this price action at the crucial support and if it remains so, we will see the upside move getting bigger and faster. So I am holding my position in this token and if an upside break in this trend is confirmed with a bullish closing above 0.28, I will increase my investment in this token.

Even if we look at the current market price, I am seeing a profit of around 9% on my position but I believe in its better future, so for now I will be holding my position in TRX and keep a close eye on its price action.

My analysis, trade plans, or any sentence written in my blog is not intended to be any kind of investment advice. Please do your own analysis before making any investment. Thank You!

All Screenshots are taken from Binance!