TRX Price Analysis: October 30
Tron saw heavy losses in recent days
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/10/31095727/PA-1-TRXUSDT-2.png)
Tron was trading within a rectangle pattern that could have broken out in either direction. The market scenario forced the price lower, and a loss of nearly 5% was registered within hours.
The level at $0.247 can offer some support if TRX dropped further. The next level of support for TRX lies at $0.226. A retest of flipped level $0.258 could be a good entry for a short position.
The OBV showed that selling volume has outweighed the buying volume in the past few weeks, and the downtrend could be set to continue in both price and buying volume.
Learn more about the analysis here. (https://eng.ambcrypto.com/polkadot-tron-ftx-token-price-analysis-31-october/)