$TRX /USDT STRONG REJECTION SPIKE – BULLS LOSE MOMENTUM NEAR INTRADAY HIGH!

$TRX attempted a quick surge toward $0.2852 but faced a sharp rejection, pulling back to $0.2764 within the same 15-minute candle. This wick-heavy rejection signals exhaustion from buyers at the top and invites cautious short-term sentiment.

Trade Setup (SHORT):

Entry: $0.2760 – $0.2785

Target 1: $0.2705

Target 2: $0.2650

Target 3: $0.2600

Stop Loss: $0.2805

Why Short?

The long upper wick on the latest candle indicates a liquidity grab and failed breakout attempt. Sellers stepped in immediately after price tapped the high, reversing gains and pushing the price down fast. If $0.2760 breaks on a closing basis, further downside is expected.

Risk Management Tip:

Keep SL tight above the rejection wick. Never hold blindly — wick reclaims can flip bias fast.

Sell smart — don’t chase green candles when the trend is turning red!

#TRX #BearishRejection #ScalpOpportunity #BinanceSignal #CryptoAlert

If you feel the analysis helpful, Like Share and comment the next pair you want to analyze!