$TRX /USDT based on the data you provided:
📉 $TRX/USDT BEARISH PRESSURE NEAR SUPPORT – BREAKDOWN POSSIBLE! ⚠️
Current Price: $0.2710 (-0.11%)
24h High: $0.2728
24h Low: $0.2704
Volume (TRX): 236.90M
Volume (USDT): 64.28M
Exchange: Binance
🔍 Market Outlook:
TRX is currently trading in a tight consolidation zone near its 24h low of $0.2704, signaling potential weakness and possible short-term bearish continuation if support fails.
🧱 Key Technical Levels:
Immediate Resistance: $0.2730
Major Resistance: $0.2765 (supply zone and recent swing high)
Support 1: $0.2700 (crucial short-term level)
Support 2: $0.2670 (next demand zone)
Major Support: $0.2600 (macro level)
📊 Trade Setup:
🔻 Short Position (Bearish Bias):
Entry: $0.2715 – $0.2705
Take Profit 1 (TP1): $0.2670
Take Profit 2 (TP2): $0.2605
Stop Loss (SL): $0.2745 (above resistance)
🔹 Long Setup Invalid for Now – wait for a clean break above $0.2765 with volume.
⚠️ Risk Management:
Risk only 1–2% of capital per trade.
Use tight SL due to small range price action.
Watch for false breakdowns below $0.2700 – wait for confirmation before entry.
📌 Conclusion:
$TRX/USDT is under pressure and nearing a critical support. A breakdown below $0.2700 with volume may trigger a drop to lower supports. Patience and precision are key here – don’t chase!
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