The chart indicates a bearish trend on the 15-minute timeframe for $TRX /USDT🔥 as the price has declined from $0.2700 to $0.2628 with lower highs and lower lows.

Currently, the price is near the 24-hour low of $0.2624, suggesting a strong support zone.

Analysis & Entry Strategy:

1. Short Entry:

Enter if the price breaks below $0.2624 (24-hour low).

Target: $0.2600.

Stop Loss: $0.2650.

2. Long Entry:

Enter if the price reverses and breaks above $0.2660 (recent resistance).

Target: $0.2700.

Stop Loss: $0.2630.

Risk-Reward:

For a short position, wait for a confirmed breakdown with volume.

For a long position, ensure reversal signals like a bullish engulfing candle or RSI divergence.

Note: Trade cautiously as the overall trend favors bears, and further downside is possible unless momentum shifts. Always manage risk with appropriate position sizing.

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