$TRX is showing short-term weakness as sellers regain control below key EMA resistance.
On the 15m timeframe, TRX is trading around 0.2805, currently below the EMA(25) and EMA(99), which signals bearish momentum in the short term. The recent rejection near 0.2820 resistance confirms that buyers are struggling to maintain upward pressure.
The structure shows a series of lower highs and lower lows, indicating continuation risk toward lower support zones.
Trade Setup:
• Entry: 0.2805 – 0.2810
• Stop Loss: 0.2830
• Take Profit 1: 0.2785
• Take Profit 2: 0.2765
As long as TRX remains below the 0.2825 resistance zone, bearish continuation remains the higher probability scenario. A reclaim above this level would invalidate the short-term bearish bias.
Traders should watch volume closely — increasing sell volume could accelerate the move toward lower liquidity zones.