Crypto Express

07/21 01:27

TRX traders’ strong bearish conviction

Given the current market sentiment, traders have begun betting on short positions, as revealed by Coinglass.

At press time, the major liquidation level on the lower side is $0.3136, where traders have built $3.25 million worth of long positions.

Whereas, $0.3264 is another level on the upper side where traders have built $4.10 million worth of short positions.

This clearly indicates that bears are currently dominating the asset, and the price may experience short-term downside momentum.

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