$TRX /USDT – Bearish Continuation After Breakdown
Market Structure & Context:
On the 1H timeframe, TRX/USDT shows a clear bearish structure, with price forming lower highs and lower lows. The market has recently broken down from a consolidation range, followed by strong bearish candles, indicating seller dominance. The current price action near the lows suggests continuation risk rather than a reversal, unless a strong reclaim occurs.
Trade Setup (Bearish Bias)
Entry Range:
0.2730 – 0.2760 (sell on pullback / rejection)
Targets:
Target 1: 0.2680
Target 2: 0.2620
Target 3: 0.2550
Stop Loss (SL):
0.2810 (above structure high & resistance)
Short Outlook:
As long as TRX remains below the 0.278–0.280 resistance zone, bears are expected to stay in control. Any short-term bounce is likely to be corrective and sold into. A strong reclaim and hold above 0.281 would invalidate this bearish setup; otherwise, further downside toward lower liquidity zones is likely.
