📉 TRX/USDT Analysis — 15m
Current price: 0.27310 USDT
Structure: Downtrend with lower high and potential breakdown of support
🔍 Pattern Formed:
A descending triangle pattern is visible (marked by a downward trendline and horizontal support).
Price is currently retesting the support zone of 0.2708 – 0.2730.
Further decline potential if this support is broken.
✅ Short Entry Scenario (Bearish):
Breakout Support Entry:
🎯 Entry: 0.2710 – 0.2705 (if candle closes below support)
🛡 Stop Loss: 0.2748 (above the trendline and previous high structure)
🎯 TP 1: 0.2688 (minor demand zone)
🎯 TP 2: 0.2668 (major demand zone)
⚠️ Validation: wait for volume during the break of support for a safer entry
🔄 If Price Experiences a Reversal:
Reversal can occur if the price fails to break through the support of 0.2708 and instead forms a higher low.
Reversal confirmation can be seen if:
Price breaks out of the downward trendline (the orange line sloping down from above).
A large bullish candle with high volume breaks through the area of 0.2745 – 0.2755.
If this occurs, the structure will change to an ascending structure with a target returning to 0.276xx – 0.278xx.
🚀 In this scenario, long entry can be made at:
🎯 Entry: 0.2750
🛡 SL: 0.2715
🎯 TP: 0.2780
📝 Conclusion:
📉 The main scheme remains bearish as long as the price is held below the trendline and support has not been broken
⚠️ Beware of reversal if strong support at 0.2708 rejects the decline with a long rejection candle
📊 Volume and candle formation at support are key to decision making