$TRX USDT – STRUGGLING NEAR SUPPORT, BULLS NEED TO DEFEND $0.285
REJECTION FROM MOVING AVERAGES
PRICE TESTS 99MA AS SHORT-TERM PRESSURE BUILDS
$TRX USDT is hovering at $0.2864 after failing to sustain above the clustered 7MA ($0.2869), 25MA ($0.2871), and 99MA ($0.2868). The chart shows rejection wicks and a bearish candle forming below all key moving averages.
The recent bounce from $0.2859 may be tested again. A breakdown below $0.2855 could open downside to $0.2840 and $0.2815. However, a strong reclaim of $0.2875 could invalidate the pressure and shift momentum.
Entry (Long idea only if reclaim): $0.2875
Targets: $0.2895 / $0.2920
Stop Loss: $0.2850
Still vulnerable — bulls must reclaim above MAs for upside confirmation.