$TRX is getting hated at the exact spot I’d pay attention 👀
Price is $0.3343 and everybody’s acting like the tape is broken. It isn’t. 4h RSI at 33, volume is only 0.2x the 20d average, and shorts are even paying -0.006% funding. That’s not a clean bearish trend, that’s weak hands pushing in low liquidity.
Mid-range chop.
That’s the setup.
We’re 5% off the 30d high and about 38% up from the low. If TRX can keep holding this area around $0.33, I’d expect a squeeze first, then people pretending they saw it coming. $ETH can still look stronger on headline days, but $TRX has the cleaner mean-reversion setup right now 🔥
#TRX
#Altcoin
#Layer1
Price is $0.3343 and everybody’s acting like the tape is broken. It isn’t. 4h RSI at 33, volume is only 0.2x the 20d average, and shorts are even paying -0.006% funding. That’s not a clean bearish trend, that’s weak hands pushing in low liquidity.
Mid-range chop.
That’s the setup.
We’re 5% off the 30d high and about 38% up from the low. If TRX can keep holding this area around $0.33, I’d expect a squeeze first, then people pretending they saw it coming. $ETH can still look stronger on headline days, but $TRX has the cleaner mean-reversion setup right now 🔥
#TRX
#Altcoin
#Layer1