$TRX WEAKENING – SELLERS PRESSURING SUPPORT!
$TRX is trading at $0.2755, up +0.44% on the day, but the chart reveals strong bearish pressure after a failed attempt to reclaim the $0.2780 resistance. The latest red candle has pierced below a key support level, putting bulls on the defensive.
Support & Resistance Levels:
• Immediate Resistance: $0.2765
• Support Zone: $0.2750 (being tested)
• Critical Support: $0.2725 – Daily low and last stronghold before deeper correction
Trade Setup:
Bearish Continuation Setup:
If TRX breaks and closes below $0.2750:
• TP1: $0.2725
• TP2: $0.2700
Bullish Rebound Scenario:
If TRX reclaims and holds above $0.2765:
• TP1: $0.2780
• TP2: $0.2805
Stop-Loss:
• Shorts: Above $0.2775
• Longs: Below $0.2740
$TRX is sitting on shaky ground. If $0.2750 fails to hold, expect accelerated downside pressure toward the $0.2700 range.