$TRX

Long Liquidation

TRX Liquidated Long: $104K at $0.377

Analysis:

1. Liquidation Context:

The long liquidation suggests increased selling pressure, likely triggered by stop-loss hunts or market volatility near resistance zones.

2. Market Sentiment:

This could indicate weakening bullish momentum, with traders unwinding overl everaged positions.

Next Move Key Levels to Watch:

Support Levels:

$0.370: Immediate support zone. A break below could lead to further downside towards $0.365 or $0.360.

Resistance Levels:

$0.380: First hurdle for recovery. Sustained buying above this could lead to testing $0.385-$0.390.

Strategic Insights:

Short-Term Traders:

Monitor price action at $0.370 for potential scalping opportunities or short setups.

Long-Term Investors:

Consider whether fundamentals justify holding or accumulating TRX on further dips.

Volatility is increasing prepare for sharp moves in either direction.

Stay cautious!

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