$TRX /USDT is showing short-term weakness, and I'm noticing sellers are putting pressure on price near the lower end of the visible range. The important thing for me is that TRX is trading slightly below its MA60, so buyers need to reclaim that level before I consider a bullish move.
Currently, TRX is around 0.3107, while the MA60 sits at 0.3108. Recent price action shows repeated struggles to hold above 0.3108, with another pullback toward the visible lower range.
Key levels I'm watching:
* Immediate resistance: 0.3108
* Next resistance: 0.3109
* Upper resistance: 0.3111
* Immediate support: Around 0.3107
* 24H Low: 0.3020
Trade idea:
📍 Entry: No confirmed entry yet. I'd wait for a clear rejection around 0.3108 for a possible bearish setup.
🎯 TP1: Not reliably identifiable from the visible chart.
🎯 TP2: Not confirmed.
🎯 TP3: No justified target yet.
🛑 Invalidation: A sustained move above 0.3109 would weaken the bearish idea.
If price reclaims 0.3109, I'd step away from the bearish setup because sellers may be losing short-term control.
My view: Sellers currently have a slight advantage, but momentum is limited. I'm waiting for a clearer breakdown or a confirmed recovery before taking a position. No need to rush this one.
Currently, TRX is around 0.3107, while the MA60 sits at 0.3108. Recent price action shows repeated struggles to hold above 0.3108, with another pullback toward the visible lower range.
Key levels I'm watching:
* Immediate resistance: 0.3108
* Next resistance: 0.3109
* Upper resistance: 0.3111
* Immediate support: Around 0.3107
* 24H Low: 0.3020
Trade idea:
📍 Entry: No confirmed entry yet. I'd wait for a clear rejection around 0.3108 for a possible bearish setup.
🎯 TP1: Not reliably identifiable from the visible chart.
🎯 TP2: Not confirmed.
🎯 TP3: No justified target yet.
🛑 Invalidation: A sustained move above 0.3109 would weaken the bearish idea.
If price reclaims 0.3109, I'd step away from the bearish setup because sellers may be losing short-term control.
My view: Sellers currently have a slight advantage, but momentum is limited. I'm waiting for a clearer breakdown or a confirmed recovery before taking a position. No need to rush this one.