TRX: Binance Killers Community Discussion Summary (07:00:10 ~ 08:00:10)

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1. The current recommendation is to long on TRX, focusing on the 330 support level. As long as 330 holds, the main trend remains bullish, targeting the 360-380 range. If the 350 resistance level is rejected, a short-term pullback to the 320 support level is possible, and the risk of a pullback should be noted. Without clear signs of "overextended upward movement" or "tentative entry," the bias is towards following the trend and going long. 2. Position and Risk Management Recommendations: Consider long with 330 as a key support level. If it holds, gradually add to your position. 350 is a significant resistance level; if it is reached and met with resistance, consider taking profits or reducing your position. A pullback to 320 can be used as a reference for adding to your position or setting a stop-loss. The overall strategy should be a combination of light and heavy trades, maintaining flexible profit-taking and stop-loss orders, and being wary of short-term pullbacks caused by the 350 resistance level. 3. This trading strategy is suitable for both aggressive short-term and conservative medium-term investors. It follows the trend, focusing on the key price levels of 330 and 350. Without clear catalysts, quick entry and exit are recommended. React immediately to resistance at 350 and avoid holding positions for too long. Look for a second entry point on a pullback to 320.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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