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sell on strength
TRX

TRON at $0.36: Buyback Fuels Rally but RSI Warns — Sell Into Strength

I see TRON trading at $0.36 after a 172% year-to-date surge fueled by a $1 billion buyback program and strong Q2 results. The RSI around 74 flags overbought conditions and increases the risk of a near-term pullback.

Given the strong fundamental catalyst but stretched technicals, I’m cautious — the buyback supports the medium-term case, but I would favor trimming exposure on strength or waiting for a clearer retracement before adding fresh long positions.

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Analysis

Technicals show overbought momentum (RSI ~74) after a steep 172% YTD move; fundamentals remain supportive due to the large buyback and solid quarterly results, but the rapid run-up raises short-term d...

Recommendation

Sell on strength: consider partial profit-taking now and wait for a pullback or consolidation before redeploying capital; if holding, tighten stops and size positions conservatively given stretched te...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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