$TRX /USDT Sideways to Slight Bearish Move
Technical Analysis:
$TRX/USDT is currently consolidating around 0.2801 after testing the 24h high at 0.2815 and the low at 0.2781. The market shows low volatility and moderate trading volume of 217.15M TRX, suggesting indecision among buyers and sellers. A break below the support near 0.278 could trigger a minor bearish move, while holding above may keep the pair in consolidation.
Trade Setup:
Entry Range: 0.2795 – 0.2805
Target 1: 0.2815
Target 2: 0.2820
Target 3: 0.2830
Stop Loss (SL): 0.2780
Short-Term Market Outlook:
The short-term trend is neutral with a slight bearish bias. Buyers need to push above 0.2815 to trigger bullish momentum, while a failure to hold 0.278 may result in a minor correction. Overall, cautious trading is advised until a clear breakout direction is established.
