[TRX is dropping against the greed index this wave—don’t you find something off?]
Honestly, TRX has been moving pretty interestingly this week. The price has been hovering between 0.325696 and 0.345167, dropping only about one percent in 24 hours, and down less than two percent over seven days. In normal times, this kind of movement would at most be considered consolidation.
But here’s the issue—this week the FNG index average is 72, in the greed zone, and TRX has started to pull back.
Do you know what that means? In a typical script, when the market is greedy, people should be aggressively pumping—yet TRX is actually getting sold into. This suggests that someone in the market is clearer-headed than retail traders, and knows you can’t chase at this level.
I saw this kind of setup back in 2017. In the late stage of a bull run, when sentiment is at its hottest, there are always a few coins that don’t follow the pump—or they even start dropping against the trend. Back then I didn’t understand; I thought the project was just not good. Later I realized—those were funds that had already seen what was coming, moving out.
Now TRX is still down 22.5% from the highs, up only 3.9% over 30 days, and the trading volume is still rather low. In plain terms, this looks like the main players are waiting, while retail traders are just dumbly waiting. Whoever can’t hold out first loses.
So what does this pullback really imply? I tend to think this is normal digestion during a repair phase, not a trend reversal. But there’s a condition—don’t break below 0.325696, otherwise it becomes a real correction.
To be honest, my view hasn’t changed this week. FNG at 72 with TRX not following through is a warning signal—I already took out half of my position via T. This isn’t me being bearish for no reason; it’s just that this level isn’t worth going all-in to bet on.
What’s your mindset right now? With this TRX move, do you dare to enter? Or are you going to watch like me for now?
Honestly, TRX has been moving pretty interestingly this week. The price has been hovering between 0.325696 and 0.345167, dropping only about one percent in 24 hours, and down less than two percent over seven days. In normal times, this kind of movement would at most be considered consolidation.
But here’s the issue—this week the FNG index average is 72, in the greed zone, and TRX has started to pull back.
Do you know what that means? In a typical script, when the market is greedy, people should be aggressively pumping—yet TRX is actually getting sold into. This suggests that someone in the market is clearer-headed than retail traders, and knows you can’t chase at this level.
I saw this kind of setup back in 2017. In the late stage of a bull run, when sentiment is at its hottest, there are always a few coins that don’t follow the pump—or they even start dropping against the trend. Back then I didn’t understand; I thought the project was just not good. Later I realized—those were funds that had already seen what was coming, moving out.
Now TRX is still down 22.5% from the highs, up only 3.9% over 30 days, and the trading volume is still rather low. In plain terms, this looks like the main players are waiting, while retail traders are just dumbly waiting. Whoever can’t hold out first loses.
So what does this pullback really imply? I tend to think this is normal digestion during a repair phase, not a trend reversal. But there’s a condition—don’t break below 0.325696, otherwise it becomes a real correction.
To be honest, my view hasn’t changed this week. FNG at 72 with TRX not following through is a warning signal—I already took out half of my position via T. This isn’t me being bearish for no reason; it’s just that this level isn’t worth going all-in to bet on.
What’s your mindset right now? With this TRX move, do you dare to enter? Or are you going to watch like me for now?