$TRX /USDT – Bearish Rejection at Local High! 🚨
Price: $0.2560 (-0.19%)
$TRX faced a strong rejection just below $0.2600 and is now showing early signs of a pullback. A potential short setup is unfolding with weakness on the lower timeframes.
Key Levels:
• Resistance: $0.2595 – $0.2600
• Support: $0.2525 / $0.2450
• Breakdown Zone: $0.2555
Short Trade Setup:
• Entry Zone: $0.2560 – $0.2570
• Targets:
• TP1: $0.2525
• TP2: $0.2470
• TP3: $0.2430
• Stop Loss: $0.2610
Market Insight:
Price is forming lower highs with decreasing bullish momentum. The rejection at $0.2597 confirms supply zone pressure. A close below $0.2555 could trigger downside acceleration.
Pro Tip: Monitor 15m closes under $0.2550 for confirmation. Ideal setup for scalpers and short-term traders.
Downtrend brewing – get in early, stay sharp!
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