๐ $TRX / USDT โ STUCK IN BEAR GRIP NEAR KEY SUPPORT ๐
$TRX is currently trading at $0.2691, showing a -1.57% decline as bearish momentum continues from the recent peak of $0.2946.
The 4H chart reflects a strong downtrend, with price suppressed below all key moving averages (MA 7: $0.2703, MA 25: $0.2786, MA 99: $0.2759).
Price recently bounced off $0.2669, but recovery has been weak with repeated rejection near the 7 MA.
This compression suggests a potential breakdown if bulls fail to reclaim momentum soon.
Volume remains moderate, and bearish pressure continues to dominate short-term structure.
โ ๏ธ A breakdown below $0.2665 could trigger rapid downside extension.
๐ Trading Plan
Bearish Setup (Continuation)
โข Entry: $0.270 โ $0.272
โข Take Profits: $0.267 / $0.263 / $0.258
โข Stop Loss: $0.276
Bullish Reversal (Only on Breakout)
โข Entry: $0.278 โ $0.281
โข Take Profits: $0.286 / $0.291 / $0.294
โข Stop Loss: $0.270
