$TRX /USDT SHORT TRADE SETUP BEARISH PRESSURE EMERGING
Current Price: 0.3481
Market Structure: After testing resistance near 0.3528, TRX is showing rejection with red candles and lower highs, signaling potential downside momentum.
ENTRY LEVEL:
Enter short between 0.3495 – 0.3510 on a minor pullback.
STOP LOSS:
Place stop loss above 0.3535 to protect against unexpected spikes.
TARGET POINTS:
TP1: 0.3460
TP2: 0.3440
TP3: 0.3410
TRADE ANALYSIS:
TRX has failed to sustain above intraday resistance and sellers are stepping in with strong rejection wicks. The bearish momentum could accelerate if price breaks below support levels. This setup favors short positions, with further downside confirmation expected on continued red candle closes.