$TRX /USDT BEARISH ANALYSIS: SIDEWAYS STRUCTURE UNDER PRESSURE

Current Price: $0.2866

24h Change: -0.38%

24h High / Low: $0.2884 / $0.2854

24h Volume (TRX): 107.49M

Volume (USDT): 30.82M

🔍 Technical Overview

TRX/USDT is currently trading sideways with slight bearish pressure, showing low volatility between the tight range of $0.2850 to $0.2880. The pair is struggling to break higher amid weak momentum and declining trading interest. The price has tested resistance multiple times but failed to gain strong bullish confirmation.

📊 Key Levels

Resistance Zones:

$0.2885 – Near-term resistance (24h high)

$0.2920 – Stronger upside hurdle

Support Zones:

$0.2850 – Intraday key support

$0.2810 – Breakout base, critical for bulls

📉 Trade Setup: Short Opportunity

Entry (Short): $0.2870 - $0.2880 (if price rejects resistance)

Targets (TP):

TP1: $0.2830

TP2: $0.2780

Stop Loss (SL): $0.2900 (above resistance zone)

⚠️ Risk Management

Use 1-2% capital per trade. Keep a tight SL as TRX trades in a narrow zone. This setup favors scalping or quick intraday trades. Watch for breakout volume to confirm move direction before entering larger positions.

Conclusion:

$TRX/USDT is showing weak bullish conviction and remains vulnerable to downside if $0.2850 fails to hold. Until a breakout above $0.2885, bearish to neutral bias remains valid. Keep an eye on volume spikes for possible trend change.

🔔 Wait for confirmation – don’t chase entries in a flat market!

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