$TRX

🪙🪙 THERE’S AN M AT CHART – MARKET MIGHT DUMP 💥💥

⚠️⚠️TRX is flashing a classic M pattern on the chart—a formation known for signaling potential trend reversals and incoming downside.

📉📉The market structure is losing steam, and if this pattern plays out fully, a dump could be on the horizon.

🔎🔎Technical traders are watching closely, and smart money might already be adjusting positions.🧊🧊

🔔🔔What’s most concerning is the symmetry of the M: two distinct peaks at similar price levels, followed by a flattening neckline.

🧮🧮This setup usually represents buyer exhaustion and the beginning of stronger selling pressure.

🚨🚨Volume is also drying up at the highs—a classic signal that momentum is weakening.

⛔⛔If TRX breaks below the neckline, expect acceleration to the downside.

📊📊Let’s break it down technically:

📉MACD has started turning down, hinting at bearish crossover.

📉RSI is heading lower with lower highs, a sign of declining bullish strength.

📉OBV (On-Balance Volume) shows signs of distribution—buyers are slowly stepping away.

💢Together, these signals confirm the M is more than a coincidence.

💼💼Fundamentals may still support TRX long term, but market psychology drives short-term moves—and right now, fear may outweigh confidence.

📦📦Large holders have begun trimming positions. On-chain metrics show a slight uptick in TRX leaving wallets for exchanges.

💸💸This could indicate that more traders are preparing to sell, not accumulate.

🏚️🏚️Order book data shows heavy resistance stacked just above current levels, while support appears thin.

🔻🔻If price breaches the neckline, we may see a sharp drop as stop-losses get triggered.

📉📉This could create a cascade effect that takes TRX even lower, especially in a fragile market environment.

🧠🧠What’s the takeaway?

TRX is in a vulnerable position.

📛📛The M formation is textbook, and sellers are clearly gaining the upper hand.

🎯🎯Unless bulls show up fast.