Clearly the market sentiment is very negative. We are witnessing BTC shorts and Alts Shorts are creeping up so high. This is proven in Alts Market Cap that failed to maintain both levels, the 1D 50EMA and 1D 100EMA. And currently hovering above the 3D 50EMA.
And here we are with TRXUSD Shorts nearly at ATH. So yes the market is expecting a dump. BUT, and this is a FULL CAPS BUT, keep in mind this:
1) Market expectation is one thing. Remember, when the market was cheering for 100k few weeks back? What happened next? Market tanked?
2) So yes, we may go down from here. And since we are addressing TRX, TRX may go down along. But always expect a correction. So don't but your farm here, and be realistic and conservative when it comes to targets.
We are going down as indicators are showing so.
How far down? Follow closely each TA for an exit target. And be extra conservative and cautious.
Lastly, DYOR, do your own TA and never fall for cheerleaders or blood hunters. This is not a witch-hunt, this is a market that follows fundamentals and trends.
And here we are with TRXUSD Shorts nearly at ATH. So yes the market is expecting a dump. BUT, and this is a FULL CAPS BUT, keep in mind this:
1) Market expectation is one thing. Remember, when the market was cheering for 100k few weeks back? What happened next? Market tanked?
2) So yes, we may go down from here. And since we are addressing TRX, TRX may go down along. But always expect a correction. So don't but your farm here, and be realistic and conservative when it comes to targets.
We are going down as indicators are showing so.
How far down? Follow closely each TA for an exit target. And be extra conservative and cautious.
Lastly, DYOR, do your own TA and never fall for cheerleaders or blood hunters. This is not a witch-hunt, this is a market that follows fundamentals and trends.
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