$BTC Looking at the annual candle, Tron (TRX) has been one of the strongest altcoins during this bull market, but it is now showing signs of weakness after recently breaking an ascending trend line.
Furthermore, this trend line is approaching an ascending parallel channel, and if the price reaches there, we will probably see further declines. Although it is already down 44% from the highs, I think TRX still has room to fall further.
Next key support: The $0.18 level, where we will likely see a bounce. But beware, if Bitcoin's head and shoulders pattern materializes, this could push the entire crypto market into a short- and long-term bearish phase, taking TRX to the bottom of this channel (yellow circle).
Conclusion: Only time will tell, but beware, Bitcoin has a monthly reversal tail, which is a major bearish signal. I remind you, it's just my opinion
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