$TRX USDT BEARISH REVERSAL SETUP – SHORT OPPORTUNITY UNFOLDING
Market Explanation:
$TRXUSDT faced rejection from the upper resistance zone near 0.2885 – 0.2895, forming a clear lower high structure, and is now showing bearish momentum below the minor resistance at 0.2875. Current price is 0.2866, indicating sellers are gaining control after a failed bullish continuation attempt.
---
🔻 Trade Setup (Short):
Entry Zone: 0.2865 – 0.2870
Take Profit (TP): 0.2824
Stop Loss (SL): 0.2875
---
📉 Key Levels:
Resistance: 0.2875 & 0.2895
Support: 0.2824
---
⚡ Market Outlook:
Momentum has shifted bearish with rejection wicks and consolidation under resistance. If sellers hold price below 0.2875, a drop towards 0.2824 is likely, aligning with recent swing lows.
---
💡 Risk Management:
Always use position sizing to risk only 1-2% of your capital per trade and place stops as planned to avoid emotional exits.
#Crypto #TRX #TRXUSDT #BearishSetup #TechnicalAnalysis
buy and trade here on $TRX