🚨 $TRX TRADE SETUP
📉 $TRX SHORT PLAN
Bias: SHORT (range rejection / consolidation)
Entry: $0.3095 – $0.3120
TP1: $0.3030
TP2: $0.2980
TP3: $0.2920
SL: $0.3175
$TRX is pressing into a major psychological resistance ($0.31) while smart money aggressively reduces exposure. Despite strong fundamentals, price action shows exhaustion, setting up a potential rejection and pullback.
🧠 Why SHORT
• Price stalled at $0.31 psychological resistance
• Whales cut longs by ~40% near highs
• L/S ratio dropped sharply → deleveraging phase
• RSI showing local exhaustion
• Hourly net outflows despite large 24h inflows
• Short whales still underwater → defending $0.31 hard
• Structure favors range pullback before continuation
⚠️ Risk Management Notes
❌ Avoid shorting below $0.305 (poor R:R)
✅ Best short is rejection wick above $0.31
If daily close > $0.3175 → trend continuation, exit short
This is a counter-trend / mean-reversion short, not a macro reversal
📌 Summary
Strong fundamentals ≠ straight-up price.
This setup plays a technical cooldown after smart-money distribution.
