$TRX /USDT short trade signal 🚦 🔴
BEARISH FADE AFTER SPIKE – WEAKENING MOMENTUM ABOVE KEY SUPPORT!
After a sharp pump from $0.2661 to a local high at $0.2852, $TRX is now fading back toward mid-range. The large upper wick and red follow-through candles show clear signs of rejection, with bulls unable to sustain the breakout. Price currently hovers around $0.2764, consolidating with low volume and showing signs of exhaustion.
Trade Setup (SHORT):
Entry Price: $0.2775 – $0.2800
Target 1: $0.2700
Target 2: $0.2660
Target 3: $0.2580
Stop Loss: $0.2855
Why Short?
The strong rejection from $0.2852 followed by lower highs and a cooling candle structure suggests the move was a liquidity grab. Volume is decreasing, and price is struggling to reclaim bullish momentum. If $0.2730 breaks down again, a move toward previous lows is likely.
Risk Management Tip:
Avoid chasing after big candles — look for confirmation with volume and structure. Always place stop loss above recent wick highs to prevent fakeout losses.
Sell smart — don’t chase green candles when the trend is turning red!
buy and trade here on $TRX
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