$TRX X/USDT — BEARS TAKE CONTROL AFTER REJECTION FROM $0.3700
TRON has reversed sharply from the $0.3700 peak, slipping below both the 7-MA and 25-MA with a strong bearish crossover. Selling pressure intensified as price dipped to $0.3536, finding temporary support near the 99-MA. Unless buyers reclaim $0.3600–$0.3620, downside risk remains high.
Trade Setup (Short Bias)
Entry Zone: $0.3565 – $0.3585
Take Profit 1: $0.3540
Take Profit 2: $0.3505
Stop Loss: $0.3625
Market Outlook:
The hourly trend favors sellers, with momentum indicators pointing lower and moving averages aligned for a continued drop. A break under $0.3535 could expose $0.3480 next, while bulls would need a decisive close above $0.3620 to shift short-term sentiment.
