$TRX /USDT short trade signal 🚦 🛑
BEARISH REJECTION NEAR RESISTANCE — SHORT SETUP ACTIVE!
Price attempted to break above the 0.27700 resistance but faced immediate rejection, forming consecutive wicks and a bearish engulfing candle. This signals a potential reversal from the resistance zone as momentum weakens, confirming a high-probability short entry setup.
Trade Setup:
Entry (Short): 0.27550
Take Profit: 0.27241
Stop Loss: 0.27700
Market Outlook:
The price is struggling to hold above the previous breakout level, showing signs of exhaustion. A breakdown below 0.27500 could accelerate the bearish move toward 0.27200. Risk-to-reward is favorable for bears in this zone.
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