$TRX /USDT – SHORT TRADE SIGNAL: Bears Gaining Momentum!
Entry Price: $0.2490
Stop Loss: $0.2560
Targets:
• Target 1: $0.2415
• Target 2: $0.2355
• Final Target: $0.2210
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Market Overview:
After attempting a move higher, $TRX faced strong resistance at $0.2552, forming a noticeable rejection wick on the chart. The upside momentum faded quickly, and price action has since started to lean bearish. Sellers are beginning to dominate, and the structure now favors a potential downside continuation.
Why the Short Setup?
The chart shows a shift in momentum:
• Multiple red candles are stacking up
• Trading volume is picking up on down moves
• Price is forming lower highs near resistance
All of this suggests increased pressure from sellers, and the failure to sustain above the $0.2550 level adds weight to the bearish outlook.
Critical Level to Watch:
A breakdown below $0.2500 will be the key trigger. If that level fails to hold, expect acceleration toward the support zones, making this a high-probability short trade opportunity.
Trade Plan:
Enter the trade between $0.2490 – $0.2530, ideally during a retest or bounce that fails to reclaim $0.2550. Maintain a stop loss at $0.2560 to protect against a sudden reversal. Look to take partial profits at the first two targets and let the rest ride if momentum remains strong.
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Summary:
#TRX is showing signs of exhaustion after a failed breakout attempt. With sellers stepping in and momentum shifting bearish, this short trade setup offers a well-defined risk/reward. Watch the $0.2500 level closely—if it breaks, the move could accelerate quickly.
Manage your risk, and trade smart!
BUY AND TRADE HERE $TRX