$TRX experienced a short liquidation of $1.0304K at $0.25568, suggesting bullish pressure as shorts were forced to close. This typically happens when price momentum shifts upward, leading to increased buying activity. Let’s break this down and outline potential trading levels.
Market Outlook.
1. Current Price Action.
TRX's short liquidation indicates that sellers were unable to push the price lower. This could lead to further upward movement if buying momentum persists.
2. Volume and Momentum.
Check trading volumes. Rising volumes with bullish candles signal further upward movement.
Trading Plan.
1. Buy Zone. Entry Point.
$0.2500 – $0.2600:
This zone offers a good entry point if TRX consolidates or retraces slightly.
2. Targets. Take Profit Levels.
Target 1: $0.2700 Short term
Target 2: $0.2800 Mid term.
Target 3: $0.3000 Long term, if strong bullish momentum continues.
3. Stop Loss.
$0.2450:
Place a stop-loss below recent support to minimize losses in case of bearish reversal.
Risk Management Tips.
1. Position Sizing: Never risk more than 1-2% of your capital on a single trade.
2. Monitor Market Sentiment: News and Bitcoin’s movement heavily influence TRX.
3. Indicators to Watch: RSI, MACD, and Bollinger Bands for confirmation of momentum shifts.
Conclusion.
The liquidation at $0.25568 shows potential for an upward move, but always confirm signals before entering trades. Use the buy zone for entry, aim for targets progressively, and protect your capital with stop-loss orders.
Would you like any further analysis or updates on other cryptocurrencies.
#TRX/USDT #BinanceAlphaAlert #BTCXmasOrDip? #XmasCryptoMiracles #Crypto2025Trends