$TRX /USDT – BEARISH BREAKDOWN LOADING? ⚠️📉
Tron ($TRX ) is facing strong selling pressure after failing to hold above key moving averages. The setup suggests bearish continuation in the short term unless bulls reclaim critical levels. Here's the breakdown:
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📊 CURRENT PRICE: $0.2791
🔻 24h Drop: -4.32%
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📍 KEY TECHNICAL LEVELS:
🔼 Resistance Zones:
$0.2873 (MA-99) 🚫
$0.2928 (24h High)
$0.2831 (intermediate rejection area)
🔽 Support Zones:
$0.2769 (24h Low)
$0.2740 (next downside target)
$0.2700 (major support)
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📈 MOVING AVERAGES INSIGHT:
MA(7): $0.2789
MA(25): $0.2793
MA(99): $0.2873
📉 Price is under all major MAs, confirming a bearish bias.
📉 MACD: Trending negative
📉 Bollinger Bands: Price nearing lower band = possible breakdown
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💼 TRADE SETUP – SHORT POSITION
Entry: $0.2790
Target 1 (TP1): $0.2740
Target 2 (TP2): $0.2700
Stop Loss (SL): $0.2835 (above near-term resistance)
🎯 Risk:Reward – ~1:2. Favorable for patient bears 🐻
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⚠️ RISK MANAGEMENT TIP
Use proper position sizing—never risk more than 1.5% of your capital. Stick to the plan, avoid overtrading! 🧠💼
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