strong buy
TRXUSDT Short Position Anticipates Impulsive Drop Near Support Regions
The opinion suggests a short position on #TRXUSDT starting from $0.26391 with a stop loss at $0.26525. The 2-hour timeframe shows TRX actively declining today, accompanied by bearish candles in the recent past. Currently, there's a downward move along a curved trend line with significant sellers present. Support levels are expected to contain liquidity pools, which could lead to a sharp impulsive move if liquidity is accumulated around these levels and active sell-offs occur to capture liquidity. The targeted levels for closing the position are $0.25948, $0.25801, and $0.25684.
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AI Analysis
The current technical analysis indicates that TRXUSDT is experiencing a strong downward trend on the 2-hour chart. The formation of bearish candles and the active decline along a downward-sloping tren...
AI Recommendation
Based on the current analysis, a cautious short position could be taken on TRXUSDT at around $0.26391, with a tight stop loss at $0.26525 to manage risk. The position should be monitored closely as th...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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