$TRX is struggling to break above 0.2869 and facing selling pressure, keeping it trapped near 0.2848. The inability to breach highs indicates bearish momentum in the short term, suggesting a potential pullback toward support levels. Traders should watch for a break below 0.2840 to confirm further downside.
Trade Setup:
Short Entry: 0.2845 – 0.2848
Targets (TP):
TP1: 0.2830
TP2: 0.2820
TP3: 0.2810
Stop Loss (SL): 0.2870
The market is in a consolidation phase near resistance, with bears dominating. Watch for a decisive break above 0.2870 for a potential bullish reversal, but until then, downside pressure remains dominant.
Buy and trade here on $TRX
TRX
0.281
-1.33%