Woah, $TRX just took a major dive after failing to hold above 0.29.
That was a pretty swift sell-off.
It looks like we're trying to find some footing right around the 0.2709 level after that steep drop.
It's holding for now, but not exactly a strong bounce.
The volume on that red wave was substantial, showing some serious selling pressure came in.
The current bounce doesn't have that conviction yet.
For any kind of recovery, $TRX needs to reclaim and hold above 0.2780-$0.28.
That's a key short-term resistance it needs to flip.
If it fails to hold 0.2709, we could be looking at a new leg down.
Stay sharp out there.