$TRX ๐จ TRX Faces Strong Resistance ๐ฅ | Bulls Cautious as Pressure Mounts ๐โ ๏ธ
TRX is hitting a ceiling โ and it's a big one! ๐งฑ๐ The charts are flashing strong resistance near key levels, where multiple attempts to break through have failed ๐๐. Momentum is starting to flatten, and RSI is cooling off after a brief rally ๐๐ฌ. This zone could act as a rejection point unless serious volume steps in! ๐ช๐
๐ Sell pressure is building โ red candles forming near the top of the range hint at short-term exhaustion ๐ฉธ๐ฏ๏ธ. Meanwhile, the MACD is close to a bearish crossover, signaling that the uptrend might pause or even reverse ๐โ ๏ธ.
๐ Whale distribution is quietly increasing ๐ผ๐ณ, and exchange balances are rising, meaning more tokens are ready to be sold ๐๐ฆ. These signs arenโt favorable in the short term โ especially with social sentiment flattening out and wallet growth slowing down ๐ฑ๐ง.
โ๏ธ Despite recent gains, market uncertainty remains high ๐ซ๏ธ๐. The overall risk-reward ratio near resistance is tricky โ bulls need to manage risk carefully and avoid overleveraging in choppy zones ๐ก๏ธ๐.
If TRX fails to break out convincingly, a retest of lower supports may be next. Stay sharp โ this market is full of fakeouts! ๐ง ๐
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐