- TRON strutted around like it owned the place, but demand whispered, “LOL, nope.”
- Lurking liquidation levels are basically waiting with popcorn for a 4%-5% price dip. 🍿
TRON [TRX] is back at the mid-range resistance at $0.248 for what feels like the 308th time. If the bulls can flip this into support, that’s a buy signal and maybe, just maybe—a 10% rally. Call your mom!
Unfortunately, Bitcoin [BTC] is out here, tripping over its own shoelaces and threatening a short-term bear vibe. Meanwhile, TRX bulls are puffing themselves up, but underneath it’s all jazz hands and breaking a sweat.
TRON Bulls, Meet Your Obstacles: Now With Extra Sarcasm
Fun with Fibonacci! Using TRX’s November-December rally, some technical wizard drew retracement levels like they were projecting Hogwarts acceptance letters. 78.6% retraced? That’s $0.222—bottom of TRX’s 2025 recurring nightmare.
Currently, TRX is begging to break above $0.248. Bulls have spent three weeks on this—longer than most celebrity marriages—without success.
The OBV (On-Balance Volume for those not speaking chart-ese) is basically sighing, “No one’s buying this.” And the RSI? It’s been chilling above 50 since March, acting bullish, but who cares if nobody’s showing up to the party?
Dwindling trading volume, OBV in a slow-mo downward slide, and sellers flexing harder than reality TV contestants. Maybe ease up on chasing $0.252 and $0.255 folks—it’s a resistance party, and you’re not on the guest list.
The liquidation map—sounds dramatic, right?—shows over-leveraged positions just waiting for a reason to explode. Keep an eye on $0.236-$0.238 to the south, $0.256-$0.258 up north. These are the levels where traders get nervous sweats.
The higher liquidation leverage to the south means price is likely to start slipping—which could finally bring us to $0.236 (cue dramatic gasp). That might be a buy-the-dip moment, if you like adventure and/or have an iron stomach. But remember: BTC has been misbehaving lately, so fasten your seatbelt.
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2025-05-05 11:11