$TRX /USDT – Bearish Consolidation in Progress!

Momentum Analysis:

TRX/USDT is experiencing a bearish move with a 1.69% decrease in price to $0.2324. The price has recently reached a low of $0.2299, indicating consolidation near support levels.

The 24h high reached $0.2364, but the current trend suggests a struggle to break out of this range.

Long Setup:

Entry Zone: Consider entering near $0.2320 for a short-term rebound.

Targets:

T1: $0.2340

T2: $0.2355

T3: $0.2370

Stop Loss: Set a stop loss around $0.2290, below the 24h low.

Breakout Confirmation Level & Key Support:

Breakout confirmation above $0.2343, where price is finding resistance.

Key support is at $0.2299, the recent low. A break below this could signal further downside.

Pro Tip for Traders:

Look for price action around the key support of $0.2299. If price holds and rebounds, it could present a buying opportunity for short-term gains.

Relevant Hashtags: #TRX #USDT #CryptoTrading #BearishConsolidation #CryptoInsights