2026-01-09 03:23:38

Looking at the TRX trend, there is indeed a short-term bearish opportunity. The price is being firmly suppressed by the 5-day moving average at 0.29513, and it hasn't even broken through the recent high of 0.2986 on the daily chart, clearly indicating a weak consolidation phase.

The RSI indicator has already fallen to the 33 level, which from the data appears to be in the oversold zone. However, looking at the market, the rebound momentum is weak. This suggests that the bulls have lost some confidence, and the market's willingness to buy is clearly insufficient.

The MACD is even less promising, with a death cross downward, and the small green bars look like traps during a downtrend. Liquidity is also a concern—trading volume has shrunk to less than half of the average volume, and market enthusiasm has seriously declined. If a large sell order hits now, the decline could be quite sharp.

Currently, the price is around 0.29420, so short-term short positions are a viable idea. Opportunities can disappear quickly, so if you are bearish, consider entering the market at the right moment.

TRX0,33%

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TestnetNomad

· 21h ago

Is it another call to short? Why is TRX so easy to be bearish on? Fine, I'm just following the trend. --- Even oversold levels can't bounce back, that's the most terrifying part. Nobody wants it anymore. --- Every time they say it's a sell-off, but I see more people cutting losses. --- At the 0.294 level, I choose to lie flat... Anyway, I'm already exhausted from losses. --- Liquidity dilution, isn't that the best bearish signal? Better to be cautious. --- Wait, why does this logic feel like a trap to lure buyers? --- Forget it, short-term shorts are too exciting. Let's wait for a rebound.

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MetaverseMigrant

· 01-09 03:49

Hmm, TRX is indeed interesting. With the moving averages so firmly suppressed, the bulls are already out of the game. It feels like the trading volume has shrunk so much that any random bearish candle could push the price down, right? Short positions are definitely a viable idea, but I'm just worried that after the drop, it might rebound and mock me. This oversold rebound is so weak, indicating that the bottom hasn't been reached yet. Wait, if it approaches 0.29, should I go short? I still want to see if it can break below 0.29 before making a move.

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MevShadowranger

· 01-09 03:41

Oh no, it's another dead cross with such low volume. I'm already tired of this situation. Short positions are okay, but the liquidity really makes me hesitant to hold a heavy position. It's easy to get caught on a breakout, and rebounds can also be frustrating. Rather than obsessing over 0.29420, it's better to wait until it breaks one or two more moving averages. Entering now feels a bit hasty.

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GateUser-4745f9ce

· 01-09 03:39

TRX this wave is indeed boring, the dead pressure of the moving averages is a signal, and the shorting opportunity is obvious. The rebound can't even make a shape, the bulls are really out of strength. With such low trading volume, a sell-off will definitely drop to grandma's house. Overbought but still falling, a typical trap rebound, don't be fooled. If the 0.294 level isn't broken, continue to look bearish, opportunities are fleeting. MACD has already formed a death cross, what else is there to say, it's a complete short. Feels like this bottom hasn't arrived yet, the downward momentum continues. It's really hopeless if the resistance can't be broken, is this all the bulls have? Poor liquidity like this, a big bearish candle could cause a collapse at any moment. The price repeatedly hits the bottom, clearly eating up chips, and there might be a sharp move later.

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RugpullTherapist

· 01-09 03:36

TRX this lousy position really doesn't mean much, the moving averages are suppressing it to death, even a rebound is difficult. The trading volume has shrunk so drastically? Then the sell-off might be about to cause trouble. But it's oversold so deeply and still not bouncing back, which feels a bit suspicious.

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