$TRX /USDT is showing a small bounce after a sharp sell-off, and I'm watching whether this recovery has enough strength to continue. Price has rebounded from the visible low at 0.3295 to 0.3306, but the broader short-term structure still looks bearish.
The price is now above the MA(7) at 0.3302, which is an early sign of recovery. However, it remains below the MA(25) at 0.3311 and MA(99) at 0.3321. For me, those moving averages are important overhead resistance levels, and I wouldn't call this a trend reversal yet.
📍 Entry: 0.3302–0.3306, only if the pullback holds and buyers remain active.
🎯 TP1: 0.3307 🎯 TP2: 0.3311
🛑 Invalidation: Below 0.3295.
If price loses 0.3295, I'd step away from this setup because the recent bounce may be failing and the downtrend could continue. Volume increased during the sell-off, so I'm cautious about assuming buyers have taken control.
My approach here is to wait for confirmation. A move toward 0.3311 would be encouraging, but I'd want to see TRX hold above that level before becoming more confident in a recovery.
The price is now above the MA(7) at 0.3302, which is an early sign of recovery. However, it remains below the MA(25) at 0.3311 and MA(99) at 0.3321. For me, those moving averages are important overhead resistance levels, and I wouldn't call this a trend reversal yet.
📍 Entry: 0.3302–0.3306, only if the pullback holds and buyers remain active.
🎯 TP1: 0.3307 🎯 TP2: 0.3311
🛑 Invalidation: Below 0.3295.
If price loses 0.3295, I'd step away from this setup because the recent bounce may be failing and the downtrend could continue. Volume increased during the sell-off, so I'm cautious about assuming buyers have taken control.
My approach here is to wait for confirmation. A move toward 0.3311 would be encouraging, but I'd want to see TRX hold above that level before becoming more confident in a recovery.