$TRX HOVERING NEAR BREAKOUT RANGE – PATIENCE OR PREP FOR POP?
$TRX is currently trading at $0.2734, consolidating tightly after multiple failed breakout attempts. Bulls are trying to establish dominance, but volume remains neutral, suggesting a breakout or rejection could happen soon.
Key Levels to Watch
• Resistance Zones:
$0.2736 – Immediate resistance cap
$0.2745 – Next breakout level
$0.2752 – 24h high and major upside target
• Support Zones:
$0.2730 – First support zone
$0.2722 – Deeper structure level from recent rejection
Trade Setup – Tight Range, Big Move Ahead
• Bullish Scenario: If price closes above $0.2736, potential upside targets:
TP1: $0.2745
TP2: $0.2752
• Bearish Scenario: A break below $0.2730 could drag price toward:
TP1: $0.2722
TP2: $0.2705
Stop-Loss Strategy:
• Longs: Below $0.2728
• Shorts: Above $0.2738