Hello my steem family friends. How are you all? I hope everyone is well, friends. Today I will talk about our favorite cryptocurrency TRX (Tron). This morning I woke up and opened the exchange, the price is quite calm, but I want to share some of my own thoughts with you about the way it has fluctuated throughout the day. I hope you like it.
This morning started out tremendously peacefully. TRX turned into soaring round zero.334 to zero.336 USD. There become no essential upward push or fall within the morning. However, there has been a form of endurance inside the market, as though absolutely everyone was ready to look what might show up subsequent.
So, a little movement started towards noon. At that time, some investors were probably taking profits, while others were showing interest in buying from the bottom. As a result, the price temporarily rose a little, but in the afternoon, there was light pressure again.
If I look at the whole day today, I can say in one word, TRX was holding its place quite steadily today. Neither a big rise nor a terrible fall. Rather, the day passed through normal fluctuations. Such days are actually peaceful for investors, because the panic in the market decreases. Everyone understands that this currency is now creating a strong support, from which a new movement can be seen in the future.
Today, I observed that the lowest fee from morning to afternoon turned into around 0.334 USD, and the very best changed into around zero.3375 USD. So it seems that these days become basically inside this variety.
Such days are usually like a breathing’ of the market, pausing to measure its own pace. Many times, after such a calm day, we see a big movement begin.
I think TRX is now giving a signal; I am preparing. Maybe the price will be limited like this for a few days, and then suddenly a run in any direction may be seen. Those experienced in the crypto market know this very well; such ‘stable times’ often indicate a big rise or fall before. Which they can understand in advance.
However, looking at today's trading volume and chart, I personally think that TRX is now standing in a very strong position. The support level below it is quite strong, meaning that many people are still holding on with faith. So the environment for selling in a hurry has not yet been created. Rather, if someone wants, they can gradually enter small investments, if they want to hold on for the long term.
However, here too, I have noticed one thing: many people in the market are now leaning towards safe investments. So even though there is no big rise, faith in stablecoins like TRX is increasing. This is a good thing for me. Because, instead of chasing quick profits, people now understand that stability is the key to survival.
Finally, I will say one thing: TRX has proven today that being calm is also a kind of strength. The way this coin has held its position can surprise again when opportunities arise in the future. So those who are thinking of long-term investment can learn by watching the market movements for now; there is no need to rush. Because keep one thing in mind, if you do anything slowly, the results will come later.
Friends, all in all, I would call today's TRX market
a steady but confident day.
Posted using SteemMobile
