โ๐จ Market Alert! Is the $TRX Floor About to Crack? ๐
โHeads up, traders! The current chart setup shows strong bearish pressure, and we're approaching a critical decision point.
โThe Setup:
โWe're testing the PDL (Previous Day Low) support zone heavily. This level is acting as the last line of defense for the bulls.
โThe price is currently oscillating around $26.43 B.
โThe market structure previously showed a ChoCH (Change of Character) and BOS (Break of Structure) to the downside, confirming the bearish bias.
โThe Critical Move:
โIf the price breaks decisively BELOW the PDL / PWL zone (around $26.2 B), prepare for the next leg down!
โThe Target:
โThe path is clear to the PML (Potential Major Low) zone, which sits around $25.7 B.
โKeep a close watch on that PDL! A strong close below it is your trigger.
โWhat's your trade? Shorting the break, or betting on a bounce? Let us know in the comments! ๐
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