$TRX Breakout: $85K Short Liquidation at $0.217 Sparks Bullish Momentum!
A substantial $85K short position was liquidated at $0.217, indicating strong bullish pressure as bears exit the market.
This move suggests TRX is building momentum for a potential rally.
Next Move Recommendations:
1. For Bulls:
If $TRX sustains above $0.217, it could climb toward $0.222 or even $0.230.
Look to enter near $0.215–$0.217, with a stop-loss below $0.213 to minimize downside risk.
2. For Bears:
If $TRX fails to break $0.220, a pullback toward $0.210 may occur.
Consider shorting near $0.220, with stops placed above $0.223.
Key Levels to Monitor:
Support: $0.215, $0.210
Resistance: $0.220, $0.230
TRX is gaining traction—watch closely for breakouts or signs of exhaustion to time your trades effectively!
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