Yello Paradisers, could this be the final warning before #TRX breaks down completely? Or is the market setting up for a savage fakeout that will trap late sellers and then rip higher?
💎#TRXUSDT is currently retesting the ascending trendline after pulling back from the supply zone around $0.2820, a level that has consistently acted as strong resistance. Price action remains within a clearly defined ascending channel, with the lower trendline still providing solid technical support; however, momentum is beginning to shift. The MACD is starting to show signs of developing bearish pressure, supporting the likelihood of a potential downside continuation in the short term.
💎If the current retest fails and confirms a rejection from this supply zone, the probability of a move lower increases significantly. In that case, the price could first target the minor support around $0.2720, and if selling pressure continues, we would be eyeing the stronger support zone near $0.2660 as the next key level to watch. On the flip side, a confirmed breakout above $0.2900 would completely invalidate the bearish setup and instead favor a bullish reversal scenario, opening the door for a more aggressive leg up.
💎Right now, the market structure presents a clean and high-probability short setup. The risk is clearly defined above the $0.2820 supply zone, and if the rejection confirms, the setup offers a very favorable risk-to-reward ratio for disciplined traders.
Trade smart, Paradisers. The market is never generous for long, and only those who combine strategy with discipline will reach the winner’s circle.
MyCryptoParadise
iFeel the success🌴
💎#TRXUSDT is currently retesting the ascending trendline after pulling back from the supply zone around $0.2820, a level that has consistently acted as strong resistance. Price action remains within a clearly defined ascending channel, with the lower trendline still providing solid technical support; however, momentum is beginning to shift. The MACD is starting to show signs of developing bearish pressure, supporting the likelihood of a potential downside continuation in the short term.
💎If the current retest fails and confirms a rejection from this supply zone, the probability of a move lower increases significantly. In that case, the price could first target the minor support around $0.2720, and if selling pressure continues, we would be eyeing the stronger support zone near $0.2660 as the next key level to watch. On the flip side, a confirmed breakout above $0.2900 would completely invalidate the bearish setup and instead favor a bullish reversal scenario, opening the door for a more aggressive leg up.
💎Right now, the market structure presents a clean and high-probability short setup. The risk is clearly defined above the $0.2820 supply zone, and if the rejection confirms, the setup offers a very favorable risk-to-reward ratio for disciplined traders.
Trade smart, Paradisers. The market is never generous for long, and only those who combine strategy with discipline will reach the winner’s circle.
MyCryptoParadise
iFeel the success🌴
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🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.