Bearish Trade Alert: TRX/USDT Faces Downside Pressure

Current Price (Mar 7, 2025, 12:58 AM UTC):

$0.2395 (-1.64% today | 24h Low: $0.2391)

Sellers dominate as key support falters. Expect further downside if momentum holds.

Trade Setup (Perpetual Futures):

Entry: $0.2395

Take Profit: $0.2330 (-2.7%)

Stop Loss: $0.2425 (+1.25%)

Critical Levels:

Breakdown Zone: Below $0.2390 → Accelerated selling likely

Resistance Test: Watch $0.2410 – rejection confirms bearish bias

Analysis:

Price Action: Downtrend intact with weakening buyer support

Strategy: Short on breakdown below $0.2390

Pro Tip: Use Binance’s Stop-Limit orders to secure SL and TP

Market Context:

#USJobsSlump #WhiteHouseCryptoSummit #BinanceFutures

Final Note:

Leverage bearish momentum but stay agile. Monitor Binance News for updates.

#CryptoAlerts #BinanceSquareTalks #SwingTrade

Disclaimer: Crypto trading carries high risk. This is not financial advice. Always DYOR and manage leverage cautiously.