TradeCityPro | TRX Pressured at Key Breakdown Level

👋 Welcome to TradeCityPro!
In this analysis, I want to review the TRX coin, one of the oldest projects in the crypto space, with a market cap of $27.65 billion, currently ranked 8th on CoinMarketCap.

⏳ 4-Hour Timeframe
On this timeframe, as you can see, TRX is facing a very strong resistance zone, from which it has recently been rejected and has started a minor correction.

⭐ The support level currently holding this coin is at 0.2893, and during this correction phase, the price has already tested this level several times with long wicks.

✔️ At the moment, the price is hovering close to this support zone.Breaking below 0.2893 could serve as a solid short trigger.

🎲 The next support zone, if 0.2893 breaks, is around 0.2784, which can be used as the target for the short position.

💥 For long positions, the current trigger is the breakout of the resistance zone. A successful breakout above this area could mark the start of a new bullish trend for TRX.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

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