Here we go again,
$TRX đ, today when I look at the chart of this coin, I can’t help but see a lazy, sluggish sky—exactly the kind of “slow-churn” that kills off rookies who love to dance to short waves.
The market is just droning on, and in the groups, the guys are still arguing about whether it’s about to PUMP or DUMP. But in reality, if we look at the current technical data, what do we have?
🔹 15-minute timeframe: The price is hovering around 0.3315, above the MA(20) at 0.3313 and the EMA(9) at 0.3312. This suggests the buying side is trying to hold the rhythm, but it’s still extremely fragile. A tug-of-war with no more, no less.
🔹 1-hour timeframe: It’s a bit tighter here—MA(20) is at 0.3317 and EMA(9) is 0.3314. The current price is sitting below these moving averages. That indicates that in the short term, selling pressure is only slightly in control—not strong enough to break the trend yet, but enough to make SHORT traders feel itchy.
Personally, I think
$TRX is in a “spring-compression” state. Don’t get too excited or panicky right now because it hasn’t broken out from the narrow range yet. If anyone likes the rush, this is the setup I would execute:
🎯 My setup:
- Position: SHORT for a light scalp.
- Entry: 0.3317 - 0.3320 (upper edge near the MA/EMA on the 1-hour timeframe).
- TP: 0.3285 - 0.3270.
- SL: 0.3335 (If price closes candles above this resistance zone, I’ll cut the loss without mercy).
If the price never even touches the Entry and instead shoots up right away, I’ll stay outside and observe—no FOMO chasing just to suffer. Trading requires patience: only when the market moves into the right form should you commit capital.
And you guys—what positions are you holding, or are you still outside “sitting cool and waiting for a golden bowl,” waiting for the coin to crash before jumping in?
#Cryptocurrency #Trading
Note: This is my personal perspective, not investment advice. Trading always involves risk (DYOR).