$TRX Testing Key Resistance – Time for a Short?"
$TRX is currently trading at $0.2536, facing resistance around $0.25–$0.26. Price action is showing signs of slowing down, suggesting a potential pullback or consolidation at this level.
Trade Setup:
Entry: $0.25 - $0.26
Stop Loss: $0.27
Take Profit Zones: $0.24 / $0.22 / $0.20
Risk/Reward: Solid 1:2+ depending on entry and confirmation
Suggestion:
Wait for rejection confirmation with a bearish candle or divergence on the 1H/4H charts. Volume decline could provide further validation for the short.