This is what TRX traders should be wary of before going long
Tron (TRX) was back to registering declines after the 61.8% Fibonacci resistance triggered a 25% plunge in value over the last three weeks. This fall matched its monthly low while losing its vital three-month trendline support. A close above its Point of Control (POC) could create room for compression in the $0.06 zone, while the 23.6% level stands sturdy. At press time, TRX was trading at $0.05982, down by 4.3% in the last 24 hours.