TRX is currently $0.331, facing some short-term pressure but performing better than the market. Trading volume has decreased by 12%, and everyone is observing, but it has risen 0.42% in the last 7 days, showing strong resilience. The funding rate has shifted from negative to positive, and bullish sentiment is gradually returning.

Technical aspect: Key positions to watch closely

There are three support levels: 0.315, which is the 4-hour MA30 and a psychological level; today, the bulls and bears will battle it out here; 0.305 is the July low, and breaking this could accelerate the decline; 0.276 is a historical strong support at $4 billion. Resistance levels are at 0.331 (the upper band of the daily Bollinger Bands) and 0.348 (the July 29 high). If it can break through 0.331 with increased volume, it may then target 0.36.

Currently, the RSI is at 52, and the MACD green bars are narrowing, indicating short-term rebound momentum. However, the weekly chart is still in a downtrend, with selling pressure at 0.3318, and the NVT ratio has risen to a 1.5-month peak, indicating valuation might be a bit high.

On the risk side: The SEC has postponed the approval of Trump-related crypto ETFs to September. If any negative news comes out, it could lead to a correlated decline. Additionally, in June, $185 million worth of stablecoins flowed out of the TRON chain, reducing trading utility, so caution is advised.

Finally, regarding the operational guide, Brother Chen believes shorting is advisable, entering around 0.3308-0.3318, with a target of 0.3245-0.3225.

In operation, don't be too aggressive, manage your position well, and adjust your strategy flexibly according to the trend. I wish everyone can seize the opportunity well~#TRX