♦️$TRX
TRX
0.2931
-0.47%
BEARISH BIAS DEVELOPING – DOWNSIDE MOVE IN FOCUS
$TRX is struggling to sustain above the recent resistance zone, showing signs of rejection and weakening bullish momentum. Price structure suggests a potential lower-high formation, indicating sellers are gradually stepping in. As momentum cools down near supply levels, a breakdown below key support could confirm a bearish continuation toward lower demand zones.
Entry: On break below 0.2800
Targets:
TP1: 0.2750
TP2: 0.2700
TP3: 0.2650
Stop Loss: Above 0.2900
Risk Management: Use disciplined position sizing and maintain at least a 1:2 risk-to-reward ratio to protect trading capital.