$TRX remains in a bearish structure, with price trapped near the $0.3380 support after a prolonged series of lower highs and lower lows. Sellers are still controlling the broader setup, although the current positive price action shows that buyers are attempting to defend the market. A clean breakdown below $0.3380 could expose fresh downside liquidity, while only a strong reclaim above $0.3455 would begin to weaken the bearish setup.
Trade Setup
Entry: $0.3375 - $0.3390
Target 1: $0.3345
Target 2: $0.3310
Target 3: $0.3275
Stop Loss: $0.3460
How it's possible
TRX is the weaker bearish candidate in this group because price is currently showing relative strength. Therefore, the short should only be considered after confirmation rather than anticipating the breakdown.
The $0.3380 area is the critical support. A clean candle close below it with expanding sell volume would show that buyers have failed to defend the level. A subsequent rejection of $0.3380 from underneath would provide stronger breakdown confirmation.
Liquidity below the support could become the next target as stop-loss orders from long positions are triggered. However, a strong reclaim of $0.3455 would indicate that buyers are regaining control and invalidate the bearish structure.
If price closes above $0.3460, the bearish setup fails and the trade should be exited to protect capital.
Let’s go and Trade now $TRX
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