šØ $TRX /USDT Bearish Reversal in Motion? š
$TRX tried to break out from its falling wedge but got slammed down near $0.2887, forming a strong bearish rejection candle. Sellers are stepping in, suggesting a retracement is brewing as buyers lose momentum.
š» Short Setup:
ā¢ Entry: $0.2865 ā $0.2870
ā¢ Take Profit 1: $0.2845
ā¢ Take Profit 2: $0.2830
ā¢ Stop Loss: $0.2888
š Market Outlook:
Bearish momentum is taking shape after the failed breakout. As long as price holds below $0.2865, downside targets are likely to be tested. Keep a close eye on the $0.2840 area if that breaks, expect deeper downside to follow.
ā ļø Quick Tip: Wait for a confirmed candle close below $0.2860 for extra conviction before sizing up failed breakouts often fuel fast drops.