$TRX
This month, Uncle Sun, born in the Year of the Horse – Earth (Lo Bang Tho) rides a steel horse – stepping into the month of the Fire Snake, which is the month of the forge, where fire blazes, and the charcoal fan blows flames. This month is not a good month for those like Sun who dream of being the ruler.
TRX is like a horse that has just been whipped and is tied up, wanting to run but unable to. It usually prefers to move quietly – without much noise or glamour – but this month it might catch a stick from behind. It’s easy to be scrutinized, easily hit by funding, and vulnerable to sharks using Sun's name to act behind his back.
The uncle forecasts TRX this month like a... street-smart adopted child: called to battle but comes back with a bleeding head. If it can’t hold the 0.22 level firmly, it might retest 0.20 – 0.19. However, on the other hand, if the money flow that’s tired of BTC starts to spread to altcoins, TRX will rise, and it will rise in a way that ‘nobody expects’, moving ahead of the market and then pausing – just as it used to. The breakout range this month is 0.26 – 0.28; if it gets past that zone, Sun can lift his head and breathe a sigh of relief: 'successfully overcoming danger'.
In summary:
– Quick trading: easy to fail.
– Gritting teeth to hold: may have to wait until the end of the month to see a bright spot.
– Beginning of the month: messy sideways.
– End of the month: likely to have an interesting drama.
– Anyone dreaming of TRX reaching 1u this month should... keep sleeping.
Uncle is going back to sleep. Tomorrow morning will be a bit brighter.