🔥$TRX Consolidation with a Sneaky Bullish Setup?
Price is stuck in consolidation mode with a bit of a bearish vibe on the surface, but digging into the data, I’m starting to see some hints of a potential reversal.
Volume-wise: We had massive sell-off volume back on June 24 (like 680M+), which screamed capitulation. Now volume is more chill – moderate, nothing crazy, which fits a consolidation phase where no one’s really committing hard either way.
Capital flows are where it gets interesting: Short-term contract flows (5m–30m) are showing outflows (some profit-taking or hedging), but zoom out to 4h–24h and we’ve got strong inflows. Spot side is also positive over 24h with +5.06M USDT – feels like some accumulation is happening quietly.
*My own read $TRX : Cautiously bullish – the bearish bias might be fading, and we could be setting up for a bounce.
Good spots to consider:
- Dip to support around Support 0.27427 USDT – solid entry if it holds.
- Or wait for a clean break above MA5 0.28017 with volume kicking in.
Bonus confirmation: Keep an eye on KDJ – if K crosses above D, that’s a nice bullish signal to stack the odds.
Stop-loss: 0.26600 if you enter at support to handle the volatility without getting wrecked.
Targets $TRX
- First one: Resistance 0.28681
- Stretch goal: next resistance 0.29419, lines up with upper Bollinger and old resistance.
You holding TRX, waiting for a dip, or already in? #TRX #Trxusdt #Tron