$TRX: Derivative Data Shows Heavy Long Liquidations Incoming
SHORT SETUP TRX
Entry: $0.33040 - $0.33050
Stop Loss: $0.34250
Take Profit: $0.30635 (2R)
Key Levels: Support $0.32990 | Resistance $0.33060
Technical Analysis for $TRX: TRX is trading below its 9, 21 and 200EMA, indicating bearish bias. MACD histogram remains negative while the signal line sits above the MACD line, confirming downmomentum. ADX at 34 shows a strong trend. The price respects the 0.3299 support and 0.3306 resistance cluster. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 24h move, market breadth is broadly negative with 61.3% of assets red.
SHORT $TRX
SHORT SETUP TRX
Entry: $0.33040 - $0.33050
Stop Loss: $0.34250
Take Profit: $0.30635 (2R)
Key Levels: Support $0.32990 | Resistance $0.33060
Technical Analysis for $TRX: TRX is trading below its 9, 21 and 200EMA, indicating bearish bias. MACD histogram remains negative while the signal line sits above the MACD line, confirming downmomentum. ADX at 34 shows a strong trend. The price respects the 0.3299 support and 0.3306 resistance cluster. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 24h move, market breadth is broadly negative with 61.3% of assets red.
SHORT $TRX
