$TRX
/USDT — Grinding Near Lows After Steady Intraday Selloff
Price: $0.2846
24h Move: -1.69%
Intraday Range: High $0.2904 — Low $0.2842
Reason:
TRX has been under consistent intraday pressure, with sellers holding control as price stays below MA(7), MA(25), and MA(99). Volume shows steady distribution, and every bounce is getting sold into, signaling weak demand in the short term.
Key Levels:
Support: $0.2842 (intraday low), $0.2815
Resistance: $0.2875 (previous rejection), $0.2904 (24h high)
Trend: Bearish on the 15m timeframe as long as TRX remains below MA(25) and fails to reclaim $0.2875.
Trade Idea (If/Then):
If TRX reclaims and holds above $0.2875, then a push toward $0.2900 – $0.2920 could open.
If price loses $0.2840 support, then continuation toward $0.2815 – $0.2800 becomes likely.
Clean structure, low momentum—best to wait for confirmation before entering.
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