$TRX USDT – MOMENTUM STALLING? BEARS TAKING CONTROL!
REJECTION AT LOCAL HIGH
STRONG RED CANDLE CONFIRMS SELLING PRESSURE
$TRX hit resistance at $0.2862 and faced a sharp rejection, forming back-to-back bearish candles on the 1H chart. Price is now pulling back after a strong rally, signaling a short-term trend reversal.
MACD histogram is flattening, and both DIF and DEA lines are losing angle — suggesting fading bullish momentum and possible bearish crossover soon.
Trade Setup (Short):
Entry: $0.2840
Targets:
• TP1: $0.2800
• TP2: $0.2760
Stop Loss: $0.2875
If $0.2798 support fails, a deeper correction is likely. Momentum favors downside in the short term.