๐จ $TRX /USDT โ -2.63% Drop! Dip Worth Buying or Breakdown Brewing? โก
$TRX is trading at $0.2662, slipping below key short-term MAs. RSI has plunged below 20, signaling extreme oversold levels. Is a relief bounce on the cardsโor is deeper downside coming? Letโs break it down ๐
๐ Market Overview
๐ Current Price: $0.2662
๐ 24h High: $0.2749
โ๏ธ 24h Low: $0.2648
๐ Parabolic SAR: Bearish (trend remains down)
๐ MACD Momentum:
Bearish pressure increasing
Price below MA(7), MA(25), and MA(99)
Momentum favors bears
๐ RSI (6): 17.20 โ Extremely oversold
๐ TRX Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If TRX Holds Above $0.2648):
Entry: Above $0.2700
Targets: $0.2760, $0.2830, $0.2900+
Stop-Loss: $0.2630
๐น Bearish Scenario (If TRX Breaks Below $0.2630):
Entry: Below $0.2625
Targets: $0.2560, $0.2480, $0.2390
Stop-Loss: $0.2700
๐ Should You Hold or Sell?
โ RSI at 17 = textbook oversold bounce zone
โ Sideways hold above $0.2648 = base forming for possible rebound
โ ๏ธ Break below $0.2630 = next leg down likely
๐ก Pro Tip:
๐ Look for a strong reclaim of $0.2700 + volume spike = signal for short-term reversal
โ ๏ธ No confirmation = stay patientโdonโt catch falling knives blindly!
๐ข TRX tradersโare you stacking or staying on the sidelines? Letโs talk below!
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