🔥 $TRX USDT BEARISH MOVE LOOMING – WILL 0.2770 SUPPORT HOLD?
$TRX is currently trading at 0.2784, showing weakness after failing to sustain above 0.2800 resistance. The price action formed a lower high structure with continuous rejection candles, indicating selling pressure building up.
🔑 Key Levels:
Resistance: 0.2800 – 0.2810 zone
Support: 0.2770 (critical short-term support)
🎯 Trade Setup:
Short Entry: below 0.2780
Targets: TP1: 0.2770 | TP2: 0.2755
Stop Loss: 0.2805
📊 Market Outlook: TRX is showing a bearish bias on the 1H chart with sellers defending the resistance. A clear breakdown below 0.2780 may accelerate downside momentum towards 0.2755.
⚠️ Risk Management: Always trade with a defined stop loss. Risk only 1-2% of your capital per trade to manage volatility effectively and protect your account from unexpected market reversals.
💭 What’s your plan for TRX today? Comment below 👇
#TRXUSDT #CryptoAnalysis #Altcoins #BearishSetup #BinanceSquare
buy and trade here on $TRX