From yesterday to today, $TRX has violently surged by about 100%, successfully ranking first on the increase list.
I know many people might be thinking of shorting it after such a surge, but I advise against it; that would be very irrational. There is indeed a lack of upward momentum now, but that doesn’t necessarily mean it will correct.
This morning there was a bit of a pullback, followed by a rebound. Don't underestimate this small pullback and small rebound; because it has surged a lot before, the current body of the candlestick has been compressed. It may look like the volatility is small, but in reality, it is quite large, and if you're not careful, you might lose your position.
Now let’s take a look at the buying and selling volumes: 24-hour net inflow is $30.9098 million, 24-hour trading volume is $8.558 billion, among which the main force net outflow is $51.8512 million, and the main force has reduced positions by 0.606%.
Main force net inflow: -$51.8512 million, retail net inflow: $82.761 million.
It can be seen that buying is still dominant, so we need to stay calm and let it oscillate for a while before making any departure choices.