💣 $TRX /USDT – Weakness Unfolding, Bears Getting Ready! 🔻
Current Price: $0.3006 (–0.17%)
$TRX failed to sustain above the crucial $0.3068 resistance, triggering bearish momentum on the 1H chart. With continuous red candles and fading volume on the upside, it’s looking ripe for a potential drop.
📉 Short Trade Setup:
• Entry Zone: $0.3000 – $0.3035
• Target 1 (TP1): $0.2970
• Target 2 (TP2): $0.2945 ✅
• Stop Loss (SL): $0.3065
⚡ Technical View:
Momentum is shifting bearish as lower highs form. Price rejection from resistance confirms short-side interest.
🛡 Risk Note:
Watch the $0.3065 level closely — a breakout above could invalidate this setup. Use proper risk management.
🔄 Strategy Breakdown:
We’re playing this setup based on resistance rejection and bearish continuation. As $TRX loses strength above key levels, a short position offers good R:R potential down to $0.2945.
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