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COIN NAME : #TRX
SIGNAL IS : SHORT !!
As we can see from the chart, the market can drop at any price because the upper line of the Bollinger bands is curved downward. The seller is starting to act. Additionally, we can observe that it has broken the EMA RIBBON support line. Therefore, the Bollinger bands also indicate that the market is about to decline. Finally, as seen in the image, the RSI is below 57.91% and the MACD is curved downward, suggesting a bearish initial short.
It is evident that USDT domination is positive. That implies that the entire cryptocurrency market will plummet.
We may observe that there is still a liquidity left-down side on the liquidation heatmap. Therefore, the market must decline in order to seize that liquidity. Thus, it was a confirmation that the market will decline.
SIGNAL -
ENTRY - 0.2676
TP - 0.2617