TRX is hovering near 0.2953, trading sideways after failing to recover its short-term moving averages. The price remains below MA(7), MA(25), and MA(99), indicating near-term weakness and maintaining a bearish outlook unless strong buying volume enters the market.
🔑 Key Price Levels
Near Resistance: 0.2988 – 0.3007
(Former rejection area and moving-average cluster)
Major Resistance: 0.3025
(A sustained break above could shift momentum bullish)
Near Support: 0.2940 – 0.2937
(Short-term demand zone)
Major Support: 0.2900
(Key psychological level and next downside objective)
📉 Trade Plan – Short Bias
Short Entry: 0.2975 – 0.2990
Stop-Loss: 0.3028
Targets:
TP1: 0.2940
TP2: 0.2915
TP3: 0.2885
⚠️ The bearish structure remains intact while price stays below 0.3000–0.3025.
Closing Thought
Markets may move slowly at times, but discipline and patience consistently pay off. Follow your strategy, protect capital with proper risk management, and remember every trade is a lesson as much as it is an opportunity. Stay sharp, stay consistent.👋☺️🌱💰.
