$TRX TRX Bearish Flag at Chart ๐ฉ๐ | Weakness Signs & Whale Caution ๐ณโ ๏ธ
๐ฌ TRX is showing signs of trouble โ a bearish flag is clearly forming on the chart ๐๐ฉ, and thatโs raising red flags for bulls.
๐ After a steep drop, the current price action looks like a consolidation that typically precedes further downside. This classic pattern often leads to continuation dumps if volume breaks down. RSI is stuck in neutral gear ๐๐, and MACD is leaning toward a bearish crossover โ danger ahead if support cracks! โ ๏ธ๐งฏ
๐จ Volume is fading, and buy volume is drying up fast ๐๐. Sellers are gaining control, and the market's weakness is becoming harder to ignore. Without a strong bounce, downside risk is increasing rapidly ๐๐งจ.
๐ On-chain signals? Not looking good. Whale distribution is active โ large wallets are offloading TRX while exchange balances tick up ๐๐ฆ. Thatโs often a sign that whales are prepping exits. Fewer tokens are being held in cold wallets, meaning sell pressure is likely building ๐ง๐ผ.
๐ Social sentiment is cooling fast ๐ถ๐ฑ. Engagement is falling, and the TRX hype train seems to be losing steam. Wallet growth has stalled โ another signal of fading momentum ๐ซ๐.
๐ฅ If this flag breaks to the downside, TRX could test lower support zones in the coming sessions. Patience is key here โ trying to catch a falling knife could be costly. Manage risk, zoom out, and wait for clearer signals.
๐ Bears have control โ stay cautious, donโt ignore the pattern. If momentum shifts, thereโll be plenty of time to re-enter. Watch volume and on-chain flows closely! ๐โ๏ธ
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐