$TRX /USDT Trading Signal – Potential Reversal or Continuation? 🔄
Current Price: $0.2446 (-2.24%)
Signal: Short Position
Entry Range: $0.2435 - $0.2450
Take Profit Levels:
🎯 TP1: $0.2400
🎯 TP2: $0.2375
🎯 TP3: $0.2320
Stop Loss: $0.2510
Technical Observations:
Bearish Momentum: $TRX has been trending downward, breaking below key moving averages (MA25 and MA99).
Support Zone Test: Immediate support is near $0.2429. A break below this level could trigger further downside.
Resistance Levels: Strong resistance exists at $0.2485, making this an ideal short-entry zone.
Actionable Advice:
If $TRX fails to hold above $0.2429, short positions may yield quick profits. Adjust stop-loss levels to lock in gains as the price approaches each target.