$TRX saw a sharp rejection from the 0.31 supply zone after a steady push up. Selling pressure stepped in aggressively, breaking the short-term structure and pushing price back toward the 0.297 support area.

Momentum remains weak and consolidation at the lows suggests sellers are still in control. As long as price stays below the rejected zone, downside continuation or another leg lower remains possible.

Trade Setup (SHORT – Weak Structure)

Entry: 0.300 – 0.303

Target 1: 0.295

Target 2: 0.292

Target 3: 0.288

Stop Loss: 0.311

Click below to take the trade

TRX

0.2965

-3.92%