Coin Name: $TRX
Position: Short
Entry Price: 0.2576Z
On the 4-hour timeframe, TRX is trading within an ascending channel, and the RSI is approaching a key demand zone. If TRX can hold the lower trendline and confirm support with a strong bullish candlestick, it could present a solid long opportunity from that level.
On the weekly timeframe, TRX shows a significant liquidity buildup above the current price level. This suggests a likely upward move as the market often seeks to target and absorb that liquidity. As the saying goes, "the market never leaves liquidity behind"—TRX may push higher to capture it.
On the daily timeframe, USDT.D is forming a descending channel and is currently holding below the upper trendline. It has also faced rejection from the middle line of the Bollinger Bands, indicating potential downward momentum. A move lower in USDT.D would be a bullish signal for the broader crypto market.
Leverage: 5X
Targets:
1st TP 0.2650
2nd TP 0.2750
3rd TP 0.2814
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