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A full picture of Tron’s [TRX] price trajectory after this breakdown

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceAfter relishing a position above the EMA ribbons for a few weeks, the 61.8% Fibonacci resistance put Tron [TRX] back on its bearish track.

The decline from the $0.08-level reignited the bearish efforts in pulling TRX below the 23.6%-level.The alt would likely see a sustained breakdown from its bearish pennant-like structure in the coming sessions.Any rebounding signals could hint at a near-term recovery before a reversal from the 20 EMA.

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