The market is so quiet like this—there might be a move soon, folks 😐. Especially with $TRX : if you look at the chart, it’s getting tightly compressed.
The Bollinger Bands are squeezing tight like a spring pushed to the limit—or like a pressure cooker reaching its threshold 🤓. The 1.50% range of $TRX đ is in the top 14% tightest over the past two months; what does that say? That a big bounce/sell-off is coming soon—it's just not clear which direction yet.
The current price of $TRX l is $0.3357. The strong resistance at $0.3377 and support at $0.3324 are forming a very narrow trading zone. With RSI at 48.4, it’s sitting in the neutral area, further confirming that both the buyers and sellers are waiting for a clear signal.
My viewpoint is very clear: I don’t try to guess tops/bottoms. If the 4H candle closes above $0.3377, that’s a buy signal. Conversely, if it breaks below $0.3324, then you need a light stop-loss—or prepare for a sell-off scenario. Discipline comes first. Don’t act until there’s candle confirmation.
So, do you think $TRX s will break resistance upward this time, or dip and break support downward? Drop your trade setup and reasoning below 😏.
#Write2Earn #BinanceFutures #RiskManagement
The Bollinger Bands are squeezing tight like a spring pushed to the limit—or like a pressure cooker reaching its threshold 🤓. The 1.50% range of $TRX đ is in the top 14% tightest over the past two months; what does that say? That a big bounce/sell-off is coming soon—it's just not clear which direction yet.
The current price of $TRX l is $0.3357. The strong resistance at $0.3377 and support at $0.3324 are forming a very narrow trading zone. With RSI at 48.4, it’s sitting in the neutral area, further confirming that both the buyers and sellers are waiting for a clear signal.
My viewpoint is very clear: I don’t try to guess tops/bottoms. If the 4H candle closes above $0.3377, that’s a buy signal. Conversely, if it breaks below $0.3324, then you need a light stop-loss—or prepare for a sell-off scenario. Discipline comes first. Don’t act until there’s candle confirmation.
So, do you think $TRX s will break resistance upward this time, or dip and break support downward? Drop your trade setup and reasoning below 😏.
#Write2Earn #BinanceFutures #RiskManagement
