📉 TRX/USDT – Rejected at Local High, Bearish Pressure Builds
Current Price: $0.2858
24h Change: +0.70%
24h High / Low: $0.2880 / $0.2831
MA Summary:
MA(7): $0.2866 (above price – short-term pressure)
MA(25): $0.2864 (confirming resistance zone)
MA(99): $0.2859 (hovering near price – potential decision point)
Chart Observations:
Price surged to $0.2880 but was quickly rejected.
Price is now below all three key moving averages – indicating bearish crossover.
Volume is average; no major bullish conviction after rejection.
📊 Trade Setup:
🔻 Setup: SHORT
📥 Entry: $0.2858
🎯 Targets:
TP1: $0.2842
TP2: $0.2830
TP3: $0.2812
🛡 Stop Loss: $0.2884
🧠 Market Insight: TRX failed to break above resistance and is now trading below its short-term MAs. If it can’t reclaim $0.2865 quickly, further downside is likely.
📌 Hashtags:
#TRX #CryptoSignals #AltcoinTrade #BearishMomentum #BinanceSetup