Tron got up by 0.26% on Tuesday. And Monday went on 7.75% slide, Tron ended the day at $0.02507.
Why TRON Going Down
In the early hours, Tron’s TRX went up to an early morning high as $0.02558 before hitting reverse.
Falling short of the first major resistance level at $0.02682, Tron slipped to low as $0.02449.
Steering clear of the first major support level at $0.0237, Tron visited $0.0253 levels before going back.
Tron left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall through the $0.02505 pivot level to support a run at the first major resistance level at $0.02561.
First Tron need to break out from $0.0253 levels.
Failure to avoid a fall through the $0.02505 pivot level would bring the first major support level at $0.0245 into play.
Technical Indicators
First Major Support Level: $0.02452
First Major Resistance Level: $0.02561
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
Thank you for reading and your time.
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