$TRX at Breakdown Risk – Will Bulls Defend This Level?
TRX is consolidating near local lows after a steady downtrend, currently trading at 0.2899 with a modest +0.94% intraday bounce. Price is hovering around a make-or-break support zone — a decisive move could unfold soon.
Key Zones:
• Resistance: 0.2915 – Break above could trigger short-term relief rally.
• Support: 0.2890 – Breakdown may signal continuation to lower levels.
Possible Scenarios:
Bullish Rebound:
• Entry: Above 0.2915
• Target 1: 0.2928
• Target 2: 0.2945
Bearish Breakdown:
• Trigger: Break below 0.2890
• Target 1: 0.2870
• Target 2: 0.2845
Volume remains low, suggesting indecision. However, any surge in sell volume below support could lead to sharp downside. Tight risk management is key here for both scalpers and swing players.