$TRX Market Update
Massive Short Liquidation Alert
Amount: $1,206.4K
Liquidation Price: $0.2626.
The bears faced a major setback as TRX surged beyond their stop levels, triggering a liquidation of over $1.2 million in short positions. The price breaking past the key resistance at $0.26715 signifies strong bullish momentum.
What’s Next for $TRX
Current Price Zone: $0.26 - $0.27
Key Resistance Levels:
$0.275: A break above could lead to a rally.
$0.30: Major psychological resistance.
Support Levels:
$0.25: Immediate fallback zone.
$0.24: Strong support for buyers.
Trading Insights:
🔹 If Bullish Trend Continues:
Buy Zone: $0.262 - $0.268
Target 1: $0.275
Target 2: $0.30
Stop Loss: Below $0.255
🔹 If Rejection Occurs:
Sell Zone: $0.270 - $0.275
Target 1: $0.26
Target 2: $0.24
Stop Loss: Above $0.278
Market Insight:
Liquidations of this scale often indicate volatile moves ahead. Bulls are trying to dominate, but watch out for resistance levels. Stay sharp, trade smart, and watch $TRX closely.
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