$TRX Technical Alert: Market Structure Shifting Lower!
$TRX is facing a sharp rejection from its intraday highs! After an aggressive push toward the $0.2896 resistance block, the bulls failed to sustain volume. We are now seeing a clear bearish shift in short-term market structure, characterized by lower highs forming on the 1H timeframe.
📊 Technical Breakdown:
Price Action: The decisive drop back under the $0.288 pivot confirms fading bullish momentum and signals that sellers are absorbing the upward pressure.
Momentum: With the 1H momentum shifting lower, early indicators suggest the current rally is exhausted, opening the door for a corrective pullback.
Key Levels: The $0.2915 mark is our strict invalidation level. As long as this resistance remains unbroken, a downside continuation toward the $0.2845 local support—and potentially the deeper $0.2780 liquidity zone—remains highly probable.
📉 THE SETUP: SHORT / SELL TRX
Entry Zone: $0.2870 - $0.2890 (Selling the rally)
Stop Loss: $0.2915 (Strict invalidation)
TP1: $0.2845 (Immediate Support)
TP2: $0.2820 (Mid-level Target)
TP3: $0.2780 (Deep Liquidity Pool)
What is your technical read? Will TRX slice straight through the $0.284 support zone, or are we going to see a bounce for one more test of $0.29? Let me know your chart analysis in the comments! 👇
Buy and Trade $TRX
