$TRX /USDT — 0.2820, a symmetrical triangle that just broke the wrong way (4H TF)
TRX spent most of February building what looked like a solid base — higher lows grinding up toward flat resistance around 0.2870. That's a textbook symmetrical triangle, and for a while it was looking constructive. Then price pushed up to the resistance, got rejected cleanly, and is now breaking back below the ascending trendline.
That breakdown is the story here. The triangle that took weeks to build has resolved bearish, and the projected move reflects that — a continuation lower toward 0.2650 and potentially further if momentum picks up on the 4H.
The dotted horizontal around 0.2820 is the immediate pivot. Price is sitting right on it, and how it closes the current 4H candle matters. A close below it opens the door to the projected move playing out quickly.
The flat resistance around 0.2870 is now the ceiling — that's where sellers showed up and it'll take real volume to reclaim it.
For bulls to salvage this, price needs to get back above the broken trendline and reclaim 0.2870. That would invalidate the bearish breakdown and put the triangle back in play. But right now the structure doesn't support that case.
Tron built a patient base and then wasted it with a failed breakout. Failed breakouts from triangle patterns tend to resolve aggressively in the opposite direction. The chart is pointing toward 0.2650 as the next area of interest.