Range ceiling holds for the fifth time — the lid is real.
🔴 $TRX - SHORT
Trade Plan:
Current Price: ~0.31780
Entry Zone: 0.31950 – 0.32500
SL: 0.33100
TP1: 0.31000
TP2: 0.30300
TP3: 0.29300
TRX is slipping to 0.3178 while the broader market holds — relative weakness is the signal. The 0.3195–0.3250 retest zone is the top of the 0.316–0.322 range that has now failed to break for five sessions, and the 4H EMA20 at 0.3215 acts as a lid. Volume profile shows the heaviest node at 0.318–0.327, meaning trapped longs supply every push into entry. Funding neutral and OI flat — no catalyst for a breakout. A 4H close above 0.3310 invalidates the range-fade.
Fading the 0.31950–0.32500 retest or waiting for 0.31000?
Click below for trade 👇
DYOR & manage risk!
$TRX
🔴 $TRX - SHORT
Trade Plan:
Current Price: ~0.31780
Entry Zone: 0.31950 – 0.32500
SL: 0.33100
TP1: 0.31000
TP2: 0.30300
TP3: 0.29300
TRX is slipping to 0.3178 while the broader market holds — relative weakness is the signal. The 0.3195–0.3250 retest zone is the top of the 0.316–0.322 range that has now failed to break for five sessions, and the 4H EMA20 at 0.3215 acts as a lid. Volume profile shows the heaviest node at 0.318–0.327, meaning trapped longs supply every push into entry. Funding neutral and OI flat — no catalyst for a breakout. A 4H close above 0.3310 invalidates the range-fade.
Fading the 0.31950–0.32500 retest or waiting for 0.31000?
Click below for trade 👇
DYOR & manage risk!
$TRX
