$TRX Long Liquidation Alert: High-Stakes Breakdown!
Liquidation Details:
Liquidated Amount: $26,576
Trigger Price: $0.26576
Market Dynamics:
This significant long liquidation highlights growing bearish pressure as bulls are forced out.
The key question now: will sellers extend control, or can buyers stage a comeback?
Key Levels to Watch:
Critical Support: $0.2600–$0.2630 (a break here could accelerate losses).
Resistance Zone: $0.2700–$0.2730 (bulls must reclaim this area to regain momentum).
Next Moves:
1. Bearish Scenario:
If $TRX drops below $0.2630, expect further downside toward $0.2550–$0.2580, with increasing sell pressure.
2. Bullish Scenario:
A bounce above $0.2680 could signal recovery, targeting $0.2750–$0.2800, especially if volume picks up.
Stop Loss Recommendations:
For Long Positions: Place a stop loss at $0.2600 to minimize potential losses.
For Short Positions: Set a stop loss at $0.2730 to avoid a squeeze if momentum shifts.
$TRX is entering a critical phase—brace for heightened volatility and quick price movements!
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