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COIN NAME : #Trxusdt
SIGNAL IS : SHORT!
As we can see, a strong bearish red candle indicated that the price was rejected from the resistance. As we can see, the RSI is forming a bearish movement by displaying overbought and curving downside. The MACD is parallel, but it doesn't mean anything. We can see that the price is breaching the EMA RIBBON's support. Thus, we receive confirmation that we are shorting TRXUSDT.
There will be a dump on TRXUSDT or the entire cryptocurrency market since we can see that USDT supremacy is bullish.
The market is descending to seize the liquidity below, as shown by the liquidation heatmap. Thus, we receive further confirmation that we are shorting TRUXUSDT.
SIGNAL-
ENTRY - 0.277
TP - 0.2734