$TRX REJECTION AT KEY RESISTANCE SIGNALS POTENTIAL DOWNSIDE MOMENTUM 📉
Entry: 0.3312 - 0.3316 🔥
Target: 0.3303 - 0.3292 - 0.3286 🚀
Stop Loss: 0.3337 ⚠️
The price action at the 0.3316 resistance level shows a distinct lack of buying pressure, evidenced by the recent wick rejection on the lower timeframes. Current order flow suggests that sellers are absorbing bids, and the failure to reclaim this structure indicates a high probability of a move toward the lower liquidity pools.
We are monitoring the reaction at these levels closely as the bearish divergence on the hourly chart continues to develop. Do you see this retest holding as resistance or will we see a quick sweep of the highs?
Not financial advice. Always manage your risk.
#TRX #ShortSetup #MarketStructure #OrderFlow #Crypto
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Entry: 0.3312 - 0.3316 🔥
Target: 0.3303 - 0.3292 - 0.3286 🚀
Stop Loss: 0.3337 ⚠️
The price action at the 0.3316 resistance level shows a distinct lack of buying pressure, evidenced by the recent wick rejection on the lower timeframes. Current order flow suggests that sellers are absorbing bids, and the failure to reclaim this structure indicates a high probability of a move toward the lower liquidity pools.
We are monitoring the reaction at these levels closely as the bearish divergence on the hourly chart continues to develop. Do you see this retest holding as resistance or will we see a quick sweep of the highs?
Not financial advice. Always manage your risk.
#TRX #ShortSetup #MarketStructure #OrderFlow #Crypto
⚡