$TRX Rising Wedge: Bulls Are Running Out of Room
TRX is developing a clear Rising Wedge on the 1D chart, with price continuing to grind higher while the trading range steadily compresses. That narrowing structure could signal weakening momentum and rising downside risk.
The key zone to watch is $0.30–$0.31. A decisive breakdown below the lower wedge trendline could confirm the bearish setup and expose TRX to a deeper correction toward the $0.15 chart target.
Key levels:
Support: $0.30–$0.31
Bearish trigger: Breakdown below the lower wedge trendline
Potential downside target: $0.15
Bullish invalidation: Reclaim of $0.36–$0.38
For now, the Rising Wedge keeps TRX in a caution zone. The next major move could depend on whether buyers defend support or sellers finally break the structure.
#TRX #TRON #CryptoTrading #TechnicalAnalysis #Altcoins
TRX is developing a clear Rising Wedge on the 1D chart, with price continuing to grind higher while the trading range steadily compresses. That narrowing structure could signal weakening momentum and rising downside risk.
The key zone to watch is $0.30–$0.31. A decisive breakdown below the lower wedge trendline could confirm the bearish setup and expose TRX to a deeper correction toward the $0.15 chart target.
Key levels:
Support: $0.30–$0.31
Bearish trigger: Breakdown below the lower wedge trendline
Potential downside target: $0.15
Bullish invalidation: Reclaim of $0.36–$0.38
For now, the Rising Wedge keeps TRX in a caution zone. The next major move could depend on whether buyers defend support or sellers finally break the structure.
#TRX #TRON #CryptoTrading #TechnicalAnalysis #Altcoins