$TRX Bulls Try, Supply Says No

Feb 2

TRXUSDT is trading within a clearly bearish market structure, with sellers firmly in control across both higher and lower timeframes.

Price previously delivered a strong downside impulse, followed by a Break of Structure (BOS), confirming bearish dominance.

Price is currently reacting below a higher-timeframe supply zone ($0.2871 – $0.2877), with an additional lower-timeframe supply zone ($0.2862 – $0.2869) stacked below it.

The SuperTrend indicator remains bearish, reinforcing downside bias and signaling sustained selling pressure.

As long as price stays below the supply zones and the invalidation level at $0.2886, the higher-probability scenario favors continuation toward the downside targets at $0.2850 and $0.2823.

⚠️ Trade Rule:
Only look for shorts if price shows clear bearish confirmation inside either supply zone (rejection wick, strong bearish candle close). A clean break and hold above $0.2886 invalidates the setup.

Feb 9

Trade closed: target reached

ALL TARGETS SMASHED