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sell on strength
TRX

TRON Hits $0.36 — Overbought RSI After $1B Buyback Rally

I'm noting TRON (TRX) at $0.36 after a strong run — up 172% year-to-date — largely driven by a $1 billion buyback and record Q2 results. The rally looks fundamentally supported, but the 14-day RSI around 74 flags overbought conditions.

I'm cautious here: momentum is strong, yet technicals suggest a higher risk of a short-term pullback. I would consider locking in gains and waiting for a clearer dip or consolidation before adding new exposure.

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Analysis

Fundamentals are strong — a sizable buyback and record quarterly results support the rally — but technical momentum is stretched (RSI ~74), increasing the likelihood of a corrective pullback or consol...

Recommendation

Given the overbought reading amid a large rally, I recommend selling into strength to lock profits and watching for a pullback or consolidation before adding positions; consider re-entry on weakness.

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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