Is TRX About to Explode? Bollinger Bands Narrowing + MACD Accumulating, Countdown to Trend Change!
The TRX one-hour chart is almost squeezed into a line, with the price fluctuating slightly around 0.277. The upper Bollinger Band is at 0.282 and the lower band is at 0.272. Such a narrow range indicates that the volatility is building up and a significant movement could happen at any time.
The MACD is still struggling below the waterline, with green bars not turning red. The bulls are not strong enough; it needs to break through 0.295, which has been hit and then rejected recently. This position is a hard ceiling, and a breakthrough requires significant capital. Below, 0.265 is holding steady, and I don't foresee a major drop unless it breaks down with volume.
Today I’m watching the lines at 0.295 and 0.265. If it approaches 0.295 and fails to rise on low volume, I will short it. If it drops to around 0.27 and falls sharply with volume, I will quickly enter for a short-term long. Don't fantasize about a big rally if it pushes through on low volume; maintaining the status quo is the best outcome.
Given the current situation, maintaining independence while mainstream coins are dropping is already an outstanding performance. The MACD is not showing a clear signal of turning red with a golden cross.
Are you stuck? When to buy the dip? As always, if you're confused and don't know what to do, comment on my profile. I need fans; you need references.
