sell on strength

TRON at $0.36 — Overbought After Buyback-Fueled Rally

I see TRON trading at $0.36 with an RSI around 74, indicating overbought conditions after a strong rally.

The 172% year-to-date gain appears driven by a $1B buyback program and record Q2 results, which are bullish fundamentals but may have front‑loaded the move.

I remain cautious now: momentum looks extended, so I’m inclined to take profits or wait for a pullback before adding exposure.

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Analysis

Price has surged on corporate actions and strong results, but the high RSI suggests limited near‑term upside without a consolidation or retracement; fundamentals support the rally but technicals warn ...

Recommendation

Prefer selling into strength or waiting for a meaningful pullback before buying—manage position size and set stops if holding through potential consolidation.

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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