THE GIVEN COIN TARGETING 0.2900 – 0.2950 ZONE
$TRX is currently trading around the 0.2829 region after a sharp intraday pullback, showing signs of short-term weakness but approaching a key demand area. The recent sell-off looks impulsive, which often opens room for a technical bounce if buyers step in near this support. If price holds above the 0.2800 zone and starts forming higher lows, a recovery move toward the 0.2880–0.2900 range can unfold. This area acts as a near-term resistance, and a clean reclaim could extend the upside move further as liquidity above recent highs gets targeted.
On the flip side, if $TRX fails to hold the current base and sellers continue to dominate, the structure favors a short continuation. A rejection from the 0.2850–0.2880 region would confirm bearish control, opening the door for another leg down toward 0.2780 and possibly lower. Momentum is currently tilted slightly bearish, so aggressive longs should wait for confirmation, while shorts can look for pullback entries with tight risk management.
SHORT OUTLOOK:
Overall bias remains mildly bearish below 0.2850. A breakdown below 0.2800 would strengthen the short setup, while only a sustained move back above 0.2880 would invalidate the bearish pressure and shift momentum bullish.
