$TRX Long Liquidation: $4.5695K at $0.2889
$TRX/USDT is experiencing a sharp pullback, dropping -6.2% to $0.2710, triggering a long liquidation of $4.5695K at $0.2889. Bulls who were optimistic about further price gains are now being squeezed as the price quickly reverses, wiping out long positions that were holding out for higher levels. After briefly testing $0.3000, the market hit strong resistance, leading to a significant decline.
With liquidations stacking up, the bears are now in control, and $TRX could soon test support at $0.2600. If that level fails to hold, a deeper retracement toward $0.2400 could be in the cards.
The volatility is rising, and momentum is clearly shifting towards the bears. Will the bulls fight back, or will the downward trend continue?