$TRX — Short Setup: The Bounce Trap
Current Price: 0.309
Entry: 0.311 (on bounce to resistance)
SL: 0.3125
TP: 0.305
Analysis:
$TRX bounced off MA7 support at 0.3090 after testing lows near 0.298 (3D chart). Price is consolidating around 0.309, while hourly RSI at 40.62 indicates room for further downside. Key resistance at 0.311 has been rejected multiple times — smart money is shorting here. Daily and 3D trends show underlying weakness despite the bounce attempt.
Setup Summary:
Patience is key — this is a trap bounce.
Risk-Reward: 2.0 ✅
Watch resistance rejection for short confirmation.
PLEASE FOLLOW BDV7071.
$TRX #TRXSignal #BinanceTrading #CryptoShort #TradingSetup
Current Price: 0.309
Entry: 0.311 (on bounce to resistance)
SL: 0.3125
TP: 0.305
Analysis:
$TRX bounced off MA7 support at 0.3090 after testing lows near 0.298 (3D chart). Price is consolidating around 0.309, while hourly RSI at 40.62 indicates room for further downside. Key resistance at 0.311 has been rejected multiple times — smart money is shorting here. Daily and 3D trends show underlying weakness despite the bounce attempt.
Setup Summary:
Patience is key — this is a trap bounce.
Risk-Reward: 2.0 ✅
Watch resistance rejection for short confirmation.
PLEASE FOLLOW BDV7071.
$TRX #TRXSignal #BinanceTrading #CryptoShort #TradingSetup