Is $TRX about to punch through $0.35 or is this just another clean fakeout? đ
Price is sitting at $0.3435, only 2% off the 30d high, and it still looks better than the tape says because itâs above the 20d and 50d MAs.
Tiny pullback.
Nothing serious.
But volume is only 0.8x the 20d average, futures funding is positive, and thatâs usually where $BTC style momentum can get a little crowded fast. RSI on the 4h is 58, so itâs not exhausted, just warm.
If TRX taps $0.35 again, Iâd want to see real follow-through, not just a wick and a bunch of eager longs getting trapped đ
#TRX
#Altcoin
Price is sitting at $0.3435, only 2% off the 30d high, and it still looks better than the tape says because itâs above the 20d and 50d MAs.
Tiny pullback.
Nothing serious.
But volume is only 0.8x the 20d average, futures funding is positive, and thatâs usually where $BTC style momentum can get a little crowded fast. RSI on the 4h is 58, so itâs not exhausted, just warm.
If TRX taps $0.35 again, Iâd want to see real follow-through, not just a wick and a bunch of eager longs getting trapped đ
#TRX
#Altcoin