$TRX Reversal Watch – Bulls Losing Steam Near Resistance!
$TRX pushed up to $0.2722 but is now stalling just below that key resistance zone. Although it’s still up +1.65% on the day, the 15m chart is showing a potential local top forming. Will buyers step back in — or is a pullback brewing?
Key Technical Zones:
• Resistance Zone: $0.2715 – $0.2725 (rejection area)
• Support Zone: $0.2690 – $0.2675 (needs to hold to avoid deeper drop)
Trade Setup – Momentum Cooling Off?
Bullish Entry: Above $0.2725 (confirmed breakout)
• Target 1: $0.2760
• Target 2: $0.2800
• Stop-Loss: Below $0.2685
Bearish Entry: Below $0.2675
• Target 1: $0.2640
• Target 2: $0.2600
• Stop-Loss: Above $0.2725
TRX shows signs of exhaustion after a clean rally. If bulls can’t reclaim $0.2725 quickly, the door opens for a short-term correction. Watch for volume confirmation — a strong push above resistance or a breakdown below $0.2690 will set the tone for the next move.