TRX/USDT looking for "liquidation hunt" here

Good morning 👋

Another one that have been on our mind is TRX coin where it has been doing some interesting movement recently. As we all see we had multiple liquidation huntings where price just dropped and got pushed liquidating many traders who took any position on that coin.

Currently being above both EMAs we see that there is a chance for another drop to occur due to the fact that we have been not moving into any direction here (means no volume is currently backing any movement). History has shown us that this kind of momentum is often used as a good entry to short. We are waiting for price to reach below the EMAs and see how it will react to that zone.

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Yours Sincerely,

Swallow Team 🔱


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