$TRX /USDT - Bearish Setup: Double Rejection at Major Resistance Level!

TRX is facing repeated rejection near the resistance area at $0.2490 on the four-hour chart, forming a double top structure. The price has now broken below the mid-range and shows signs of continued decline towards the support area. Sellers are dominating near the resistance level, indicating short-term bearish pressure.

*Trading Setup:

Entry Price: $0.2454 - $0.2456

Take Profit Price: $0.2442

Stop Loss Price: $0.2470

*Market Outlook:

The formation of lower highs and ongoing rejection from the resistance level indicates that bearish momentum is prevailing. Unless TRX regains the $0.2470 level, we anticipate a potential retest of the support level at $0.2440 in the coming hours.

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