🔥 TRX Still In A Bullish Channel: Two Possibilities

Since the major reversal of crypto late July, TRX has seen a strong uptrend. As of early this morning, TRX has bounced off the lower trend line of the channel. This might be a temporary bounce.

The overall view on the market is quite bearish. Add the turmoil in the stock market to this, and we've got a potentially strong bearish on our hands.

In case of a bearish break out of the channel, I'm targeting $0.775, which is placed at the last significant low. In a bullish scenario, I'm looking at the $0.105 resistance. In case the stock market shrugs this move off, we might see a rebound fairly soon.

Happy trading!