โ ๏ธ TRX/USDT: Falling on volumes โ new downward impulse? ๐ฃ
The price of TRON continues to decline โ now $0.2661 after a sharp move from $0.273. The market is pushing the coin down under the pressure of volumes. All moving averages MA7 < MA25 < MA99 โ confirm bearish dynamics.
๐ Technical analysis:
Current price: $0.2661
Local minimum: $0.2648
Key resistance level: $0.2700
MAs crossed down, selling pressure is increasing
Volumes on the decline are greater than on the rise โ classic for shorts
๐ด Trading idea: Short
Entry: $0.2660โ0.2665
Stop-loss: $0.2750
TP1: $0.2625
TP2: $0.2590
TP3: $0.2540 (in case of a strong decline)
๐ก Risk is low, but it is important to monitor BTC โ altcoins are currently moving in unison with it.
๐ง Comment:
TRX looks weak at the moment โ the increase is not confirmed by volumes, and each attempt at growth is suppressed by sellers. If $BTC does not bounce, we expect TRX to continue its decline.
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