$TRX is quietly doing something most people are missing right now.
It’s been a slow grind, but we finally broke back above 0.2850 after that nasty dip to 0.2680 earlier in February. The daily chart looks like it's trying to form a higher low, which is usually where the big moves start brewing. Resistance is sitting right around the 0.2890 area. If we can clear that with some actual volume, the path toward 0.3000 looks pretty open. Right now, the buy side in the order book is looking a lot heavier at 66%, so the bulls are definitely showing up. I’m not chasing this here, but watching for a solid daily close to confirming the strength. If it rejects, we probably just range between 0.2770 and 0.2860 for a few more days.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$TRX is quietly doing something most people are missing right now.
It’s been a slow grind, but we finally broke back above 0.2850 after that nasty dip to 0.2680 earlier in February. The daily chart looks like it's trying to form a higher low, which is usually where the big moves start brewing.
Resistance is sitting right around the 0.2890 area. If we can clear that with some actual volume, the path toward 0.3000 looks pretty open. Right now, the buy side in the order book is looking a lot heavier at 66%, so the bulls are definitely showing up.
I’m not chasing this here, but watching for a solid daily close to confirming the strength. If it rejects, we probably just range between 0.2770 and 0.2860 for a few more days.
#BitcoinBouncesBack