$TRX /USDT – BEARISH TRADE SIGNAL🔴
FAILED BREAKOUT ABOVE $0.295
REJECTION FOLLOWED BY LOWER HIGHS
SUPPORT TEST AT $0.2712 LOOKS VULNERABLE
$TRX spiked sharply to $0.2953 but couldn’t sustain the breakout. The price quickly reversed and is now forming a lower high pattern on the 4H chart. The failure to reclaim the $0.2780 resistance signals weakness, and a drop below $0.2712 could confirm further downside.
Trade Setup
Entry Zone: $0.2735 – $0.2755
Take Profit: $0.2665 / $0.2620
Stop Loss: $0.2785
Leverage: 10x | Risk: 2–3% capital
Market Outlook:
Bearish sentiment prevails as TRX struggles to regain momentum. A clean breakdown below $0.271 could accelerate selling pressure.