On the daily timeframe, TRX continues to show weakness as the candles remain firmly below the major EMAs, confirming sustained downward pressure. The 4H timeframe also aligns with a bearish structure, with consistent lower highs and lower lows forming as momentum favors sellers. Moving to the 1H timeframe, the price has broken down to new intraday lows around 0.2744, and even though there is a small bounce, the structure remains clearly bearish.
RSI is sitting near 18, indicating strong oversold conditions but still no meaningful reversal signals yet. MACD stays below the signal line with widening bearish histogram bars, showing momentum still in favor of sellers. All key EMAs (30 & 100) remain above the price, acting as dynamic resistance and confirming a continuation setup for a short entry.
Short Signal Setup
Entry: 0.2740 – 0.2750
TP1: 0.2720
TP2: 0.2695
TP3: 0.2670
SL: 0.2785
TRXUSDT
Perp
0.27218
-1.86%
This setup follows the strong bearish momentum, with indicators and price action both aligning toward further downside movement unless a strong recovery closes above the EMAs.
