$TRX TRX/USDT Short Setup Breakdown 🚨
Spotted a clean rising wedge formation on the 1H timeframe — a classic bearish structure.
✔️ Price respected the wedge perfectly
✔️ Clear breakdown from the structure
✔️ Retest of the broken support turned resistance
✔️ Formed a double top near resistance
✔️ Liquidity grab (stop hunt) before moving down
🎯 All confluences aligned for a high-probability short setup.
💥 Trade Execution:
Entered a short position after confirmation on the retest zone.
Entry: ~0.349
Stop Loss: ~0.3528
Target: 0.340 – 0.338
🧠 Strategy Behind the Trade:
This wasn’t just a random entry — it was based on:
Market structure (bearish shift)
Smart money concept (liquidity grab)
Technical pattern (rising wedge + double top)
Retest confirmation
⚠️ Risk Management:
Keeping it controlled with a defined SL and letting the setup play out.
🚀 Lesson:
Confluence is king.
When multiple signals align — that’s where the real edge is.