Look, TRIA continues to show weakness in this rebound. The pattern of lower highs remains intact, and the sellers are clearly in control of the game.



For those wanting to make a short trade, the interesting level I see is between 0.0275 and 0.0289 as an entry point. I would set the stop at 0.031 because if it breaks that, the structure is broken.

The targets I’m managing are 0.0255, 0.0235, and 0.0215. Each rejection at resistance we see points to a fairly probable downward continuation. The momentum is on the sellers’ side.

If you trade TRIA, pay close attention to those rejections. They are confirmation that selling pressure remains strong. Those entering short should respect the levels; that’s the important part.
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