🚨 $TRX /USDT BEARISH REJECTION AT TRENDLINE – SELL SETUP TOWARD $0.278!
$TRX attempted to reclaim the descending trendline and key horizontal resistance at $0.28450 but failed with a sharp rejection candle. Price is currently trading at $0.28338 and losing strength below both resistance lines — signaling downside continuation.
Trade Setup (SHORT):
Entry Price: $0.28400 – $0.28300
Target 1: $0.27920
Target 2: $0.27833
Stop Loss: $0.28720
Why Short?
The price faced double resistance from both horizontal and descending trendline zones and instantly reversed after a weak retest. This fakeout confirms seller dominance, and structure now favors a push toward $0.278 as long as the price stays below $0.28450.
Risk Management Tip:
Keep SL tight at $0.28720. Once $0.27920 is tapped, move SL to breakeven and secure partial profits.
Sell and Trade here on $TRX
#trx #BinanceAlphaAlert #TrumpTariffs #XRPBullishOrBearish? #EDGENLiveOnAlpha