$TRX /USDT BEARISH BIAS – SELLING PRESSURE BUILDING BELOW KEY RESISTANCE ⚠️
Market Next Move (Immediate Explanation):
TRX is trading near its intraday lows after failing to sustain above the 0.296–0.298 resistance zone. Price action on lower timeframes shows weak momentum, declining volume, and rejection near the upper range, indicating sellers are currently in control. Unless TRX reclaims key resistance, the probability favors a short-term bearish continuation or consolidation with downside risk.
Trade Setup (Short Position)
Entry (Short): 0.2955 – 0.2965
Targets (TP):
TP1: 0.2915
TP2: 0.2885
TP3: 0.2850
Stop Loss (SL): 0.2995 (Above recent high & resistance)
Risk-Reward: Favorable if rejection continues below 0.298.
Key Technical Levels
Resistance: 0.2965 – 0.2985
Support: 0.2915 → 0.2885 → 0.2850
Trend: Short-term bearish / range breakdown risk
Market Outlook:
Overall structure remains neutral-to-bearish in the short term. A confirmed breakdown below 0.2915 could accelerate selling, while a strong reclaim above 0.2985 would invalidate the bearish setup and shift bias back to bullish consolidation.
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