Friends who are paying attention to TRX trends, Yang Ge is here to talk about the market situation on the afternoon of August 9. Currently, the TRX price is slightly adjusting, with a daily decline of 0.53%, and the current price is $0.337. Overall, it is in a state of consolidation.

In fact, the entire market has indeed entered a "difficulty mode" recently, with significant volatility. Bitcoin has fallen back by 9% from its high, and many altcoins have also seen a correction of 20%-30%. The daily liquidation amount exceeded $1.5 billion, and such an overall environment is bound to put some pressure on TRX's short-term trends. It is understandable that everyone may feel some fluctuations in their hearts.

From a technical perspective, although TRX is currently operating in a downward channel, it has shown positive signals of a V-shaped reversal and is expected to challenge the key position of $0.30 in the future. It is worth noting that if it can successfully break through, combined with Fibonacci retracement analysis, there may be a potential increase of about 30% afterwards, which might give everyone some mid-term confidence.

However, recent market sentiment has indeed been affected by some external factors, including new tariff policies, escalating geopolitical friction, and the Federal Reserve's inaction, which inevitably casts a shadow of FUD sentiment over the market. At this time, it is even more necessary for everyone to remain calm.

In terms of operations, Yang Ge's suggestion is to consider shorting around $0.33700-$0.33900, with the initial target at $0.33300, and then further looking at around $0.33000. Of course, the market is currently quite volatile, and price changes may be rapid. When referring to this, everyone must consider their own situation, control risks well, and respond steadily, as this is the long-term approach.

Overall, TRX may still face some correction pressure in the short term, but in the mid-term, the support brought by event-driven factors still exists. By patiently observing and operating rationally, I believe everyone can find a rhythm that suits themselves. #TRX