$TRX

The bears are firmly in control of the current macro structure. After topping out at 0.37718, the trend shifted aggressively to the downside, slicing right through the major moving averages. We are seeing heavy distribution momentum as the price continues to print a textbook series of lower highs and lower lows.

Right now, price is trying to find a footing near the local support floor at 0.33973. There is a consolidation or brief relief risk here, but overhead resistance at the MA(5) and MA(10) is clamping down hard. Unless buyers can force a major trend reversal above 0.34700, any weak bounce is just a bear flag setting up the next breakdown leg toward deeper liquidity pools.
Shorting the minor relief bounces or playing the breakdown of the local floor.

• Entry Zone: 0.34100 - 0.34600
• TP1: 0.33200
• TP2: 0.32500
• TP3: 0.31000
• Stop-Loss: 0.35150

Never catch a falling knife without a plan. Protect your capital.

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