$TRX Stop at the peak: the flat line before the fall....
I entered a narrow consolidation area after rebounding from the low of 0.2589. Despite the high trading volume, bulls are struggling to push the price above 0.2757, forming a potential distribution range. The candles with flat tops and the leveraged columns indicate that buyers are losing control, opening the door for bearish momentum.
📉 Short Trade Setup
• Entry Area: 0.2715 – 0.2730
• TP1: 0.2665
• TP2: 0.2610
• TP3: 0.2565
• Stop Loss: above 0.2765
Market Insights:
The price is moving sideways while selling pressure increases, setting up a classic decline. If TRX breaks below the recent minor support, it could lead to a rapid pullback toward the previous demand area.
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