$TRX is trading at $0.3507, maintaining a bullish trend above key support levels. The price is currently testing resistance around $0.355, with support at $0.347. A breakout above $0.355 could signal a continuation of the upward momentum.
Fibonacci Levels:
Recent price action shows key retracement levels at $0.3488 (38.2%) and $0.3466 (61.8%). A break above $0.3528 could target $0.3550 (23.6% extension of the 24H swing).
RSI:
The Relative Strength Index (RSI) is at 62.28, indicating neutral momentum. While not overbought, the RSI suggests caution as the price approaches resistance levels.
Entry Zones:
Safer: Enter near $0.347 upon confirmation of support.
Aggressive: Enter at current levels around $0.3507, with a stop-loss below $0.347.
Take-Profit Zones:
TP1: $0.355 (immediate resistance)
TP2: $0.360 (next resistance level)
Stop-Loss Ideas:
Conservative: Place stop-loss below $0.347 to protect against downside risk.
Tight: Set stop-loss just below $0.349 to minimize potential losses.
