TRX has been oscillating within the $0.0670 - $0.0710 range in the second half of May.
Price action has hit the range high and could expose TRX to more selling pressure.
A likely drop could offer a shorting opportunity targeting the support zone of $0.06700 - $0.06770 (cyan).
The zone was a crucial resistance in the second half of April but was flipped to...
- Overall bearish market structure
- Rejected at current resistance
- Currently retesting
- Bearish divergence
- Stoch RSI bear cross
Would you take this trade?
![TRXUSDT: Tron [TRX] to face price rejection at range high](https://s3.tradingview.com/2/2rIk1DoR_mid.png "Tron [TRX] to face price rejection at range high")
