Don't get thrown off the bus! Is $TRX a trapped position weighing down? The main force may be brewing a big move!
The 4-hour chart of TRX shows a volatile adjustment trend, with the price oscillating around 0.27. In the early session, it surged to 0.272 but encountered resistance and fell back, currently trading at 0.27023, with a daily decline of 0.37%.
The trapped pressure at the previous high of 0.29549 still remains, and the bulls are struggling to counterattack. The MACD double line is flat and sticking below the zero axis, indicating balanced bullish and bearish forces. The KDJ indicator's three lines have formed a dead cross in the 50 area.
Short-term bearish sentiment has slightly increased, but trading volume continues to shrink, with funds in the market being very cautious. Key support is seen in the 0.265-0.268 range. If this level holds, it is likely that the main force is gathering strength.
Currently, this is a normal pullback in an upward trend, so there is no need to panic. Focus on whether it can break through and stabilize above the 0.275 resistance level. Once the volume aligns, it could trigger a second surge at any time.
Control your position in the short term; if it stabilizes after a pullback, you can buy in at lower levels. Don't get thrown off by short-term fluctuations; after the adjustment, there are still expectations for new highs.
The market has experienced a sharp drop, and I will prepare some cryptocurrencies suitable for bottom-fishing as a recovery plan. If you're feeling lost and helpless, pay attention to me! Choices are more important than effort!