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Currently look at $TRX , the price is around 0.32020 USDT. Do you think we should keep grinding higher here, or is it about time for a pullback? $TRX
If I were to give a conclusion, I would lean more towards: it looks like a high-level divergence, not suitable for continuing to chase long positions.
Here's my main reasoning:
First, the continuation after a surge is generally weak, and chasing long positions easily leads to awkward entry points.
Second, this wave of rise seems more like an emotional boost, and the follow-through hasn't caught up yet.
To add, I only trade high-level emotional coins; I avoid low-level slow-rising coins and weak coins that have already fallen apart.
A more comfortable entry point: 0.3230 USDT
Estimated target price: 0.3037 USDT
Support level reference: 0.3307 USDT
But the biggest risk at this position is a sharp drop followed by an immediate rebound.
If you were trading this, would you buy here and watch a bit longer, or just stay away altogether?