$TRX/USDT – Bearish sentiment intensifies 📉
📊 Current price: 0.22000000 USD
📈 Support area: 0.21990000 USD - 0.22000000 USD
📉 Resistance level: 0.22600000 USD - 0.22700000 USD
From a technical chart perspective, TRX is strongly supported around 0.22000000 USD, while the recent price decline shows a lack of bullish strength. If the price rebounds to the resistance level, it may attract more selling pressure. Here are the trading settings:
📌 Trading settings
- Short entry: $0.22000000 - $0.22100000 📊
- Target 1 (TP1): $0.21800000 🎯
- Target 2 (TP2): $0.21600000 🚀
- Stop loss (SL): $0.22200000 ⚠️
---
🌟 Market outlook
Current market sentiment leans bearish, expecting the price to hover near the support level. If it approaches $0.22700000, be cautious of the risk of further declines. If it fails to break through, it may lead to a flat or further drop.
---
⚠️ Risk management
- Please set a stop loss before trading to limit losses.
- Control the risk of each trade to 1-2% of the portfolio.
---
📢 Welcome to follow our analysis
Do you find this analysis helpful? Please like, share, and let us know what pair you would like us to analyze next! 🚀
