$TRX is currently moving within a short-term corrective pattern after failing to sustain price above the $0.29050 liquidity area. The rejection at that level initiated a controlled pullback, during which the market started forming lower highs while gradually moving toward the recent intraday low near $0.28888. Buyers attempted a rebound, but momentum weakened quickly, suggesting the bounce was more of a liquidity reaction rather than a genuine trend reversal. At the moment, the structure indicates that $TRX is consolidating below resistance while downside liquidity continues to build.

EP: $0.28910–$0.28940

TP1: $0.28880

TP2: $0.28820

TP3: $0.28750

SL: $0.29060

Following the rejection near $0.29050, the market structure has transitioned into a short-term bearish continuation setup, showing that sellers are actively defending the upper liquidity zone. Momentum remains weak, with repeated lower highs signaling that bullish pressure is fading on each bounce. Since liquidity is clustered below the recent lows, the structure favors a controlled downside move as price seeks those liquidity pockets before any stronger directional shift emerges.

Trade hare 👇$TRX

TRXUSDT

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+0.67%

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