TRX starts to drop (short-term analysis)

22 พ.ย. 2022

TRX has been struggling to hold the current support around $0.05. However, in LTH the sign of selling pressure can be seen now.

In 1H TF, prices already broke the ascending channel. Retest may happen but the down side will continue, probably.
A referenced Short set-up is as in chart with TPs (in blue) and SL (in red).

On 2D TF, one can see better the down trend will resume very soon because MFI and OBV broken down their trendlines and were rejected (see the below screen-shot)