$TRX /USDT BEARISH SETUP AS PRICE REJECTS KEY RESISTANCE š»ā ļø
$TRX/USDT is showing signs of downward pressure, currently trading at $0.2730 (-1.02%), after rejecting the recent high at $0.2763. Momentum indicators favor the bears, with lower highs and weakening support.
š KEY LEVELS:
šŗ Resistance:
$0.2763 (24H High)
$0.2800 (Major Resistance)
š» Support:
$0.2720 (Immediate Support)
$0.2680 (Next Demand Zone)
$0.2620 (Key Breakdown Level)
š¼ TRADE SETUP (SHORT):
Entry: $0.2730 ā $0.2740
Targets šÆ:
TP1: $0.2700
TP2: $0.2660
TP3: $0.2620
Stop Loss (SL): $0.2775 š«
š INDICATOR CONFIRMATION:
ā MACD: Bearish crossover
š“ EMA: Price trading under short-term EMAs
š Volume: Favoring sellers
š½ SAR: Bearish dots above price
ā ļø RISK MANAGEMENT:
Use 1-2% capital risk, and wait for a candle close below $0.2720 for confirmation. Stick to SL and manage size wisely. š”ļøš
š» BEARS IN CONTROL ā WATCH FOR DOWNSIDE EXTENSION!
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