$TRX Technical Analysis Update and Best Trading Strategy 🔐🔑👇
Current Price: $0.2466
Timeframes Analyzed: 1D & 1H Charts
Chart Pattern & Structure:📊📉
$TRX is currently attempting a bullish structure shift. On the 1H chart, it confirmed a CHoCH followed by BOS, reclaiming all short-term EMAs with a clean price flip above $0.2440. The 1D chart shows price is nearing a supply resistance zone around $0.2600.
Trend Signal:📉
1H: Short-term trend is bullish with price making higher lows and pushing through resistance.
1D: Trend remains range-bound, leaning bullish if it breaks and closes above $0.2600.
Why Bullish🤔🔥👇
CHoCH + BOS formation with volume support
All key EMAs flipped bullish on 1H
RSI rebounding from oversold on both timeframes
Trading Strategy Plan (Bullish Focus)🔥
Scalp Entry (1H Timeframe):📊
Entry Zone: $0.2440 - $0.2455 (on retest of BOS zone)✅
Stop Loss: $0.2400 (below last structure low)
Target 1: $0.2500🎯
Target 2: $0.2560🎯
Target 3: $0.2600🎯
Trade Duration: Intraday to 8 hours
Swing Entry (1D Timeframe):📊
Entry on Breakout: Daily candle close above $0.2600✅
Stop Loss: $0.2435☣️
Target 1: $0.2740🎯
Target 2: $0.2890🎯
Target 3 (Extended): $0.3100🎯
Trade Duration: 3–7 days⌛
Invalidation:☣️
4H candle close below $0.2360 will invalidate short-term bullish structure.
Takeaway:🧑💻
$TRX is building bullish momentum. Scalping opportunities exist on intraday retests, while swing confirmation awaits a break above $0.2600. Traders should monitor for volume confirmation and respect resistance zones.
👨❤️👨"Big profits come to those who wait for breakout confirmation and don’t rush into resistance."
Disclaimer: ⚠️
This is not financial advice. Please do your own research before making any trade decisions.