🔴🔴🔴🔴🔴
$TRX at the crossroads
The collapse is ongoing
TRX is trading at $0.3007 after recovering slightly from the lowest level of $0.2995.
The pair is floating around a narrow range, and the momentum is uncertain. A decisive breakout or collapse is likely to shape the next move.
Key levels to watch
Resistance areas:
• $0.3012 – Immediate pressure
• $0.3025 – Local breakout barrier
• $0.3040 – Trend reversal signal
Support areas:
• $0.3000 – Critical short-term support
• $0.2990 – Collapse threshold
• $0.2970 – Selling trigger
Trading setup
Bearish sell entry:
Close below $0.2990 with an increase in red volume
• Target 1: $0.2970
• Target 2: $0.2940
TRX is trading narrowly and needs a volume-driven movement to confirm the trend.
Watch the strength of buyers or the dominance of sellers around $0.3000.
