$TRX
/TetherUS: Potential Bearish Reversal
The chart suggests a potential bearish reversal pattern, possibly an "Evening Star" or "Dark Cloud Cover" formation, indicating a shift in momentum from bullish to bearish.
* Entry Level (Short): Around 0.2753 - 0.2750 (the current support turned resistance zone after the breakdown).
* Target Levels:
* Target 1: 0.2742
* Target 2: 0.2735
* Target 3: 0.2733
* Stop Loss: Above the recent high, around 0.2764.
Market's Next Move: Based on the observed pattern, the market is likely to experience further bearish pressure, pushing prices lower towards the indicated targets.