$TRX /USDT: Again Short Opportunity with Clear Strategy!!💯🔥
Analysis: $TRX is showing strong bearish momentum with a 7.38% decline in the last 24 hours. Current price action suggests potential further downside after a weak rebound from $0.2464 (24H low).
Entry Point: Enter short at $0.2490 (current consolidation zone).
Take-Profit Levels:
1. TP1: $0.2460 (near 24H low for conservative target).
2. TP2: $0.2400 (strong support level).
Stop-Loss: Place SL at $0.2530 (above recent resistance).
Risk/Reward Ratio: 1:3, ensuring favorable trade potential.
Caution: Watch out for volume spikes or trend reversals, as TRX has shown significant volatility in the past.
Action Plan: Monitor closely, stick to the strategy, and adjust if needed based on price momentum.
Trade wisely!
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