$TRX /USDT Price Analysis: Key Levels and Next Move

The chart highlights a sharp rejection from $0.2920, indicating strong resistance. The purple zone at $0.2830 acts as a key support level, which has now turned into resistance due to a bearish breakdown. Price is trading below this level, suggesting bearish momentum.

Entry Strategy:

• Long Entry: If TRX reclaims $0.2830 with strong volume, aim for targets at $0.2880 and $0.2920. Place a stop loss at $0.2790 to minimize risk.

• Short Entry: On a rejection at $0.2830, short with a target of $0.2750. Use a stop loss at $0.2850 for risk management.

Market Outlook:

The current pattern and volume suggest a bearish continuation unless the $0.2830 resistance is reclaimed. Watch for breakout or rejection near this zone to confirm the next move.

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