TRX Price Coils at $0.34 as Sell-Side Flow Dominates Market
TRX is currently stuck in a compression zone at $0.34, with both retail and institutional investors leaning long.
However, aggressive sell-side taker flow is dominating the market, casting doubt on the bullish thesis.
The Bollinger Band picture suggests that TRX is coiling, meaning it's likely to break out in a violent manner soon.
Despite the technical indicators pointing towards a potential breakout, the bearish wrinkle lies in the taker buy/sell ratio of 0.84, which indicates sell-side dominance.