$TRX /USDT ā Steady Climb Continues, Can It Conquer Key Resistance? šŖ
$TRX /USDT is currently trading around $0.2475 on Binance, showing a consistent upward trend. Let's see if it has the strength to break through a significant level!
Key Observations:
* Forming higher highs and higher lows recently, indicating sustained bullish momentum.
* Currently testing the resistance zone around $0.2480.
* Trading volume on the 4-hour chart appears to be picking up, which could signal an impending move.
Potential Scenarios:
* Breakthrough: If TRX can decisively break and hold above $0.2480 with good volume, we could see a push towards $0.2500 and potentially higher targets.
* Rejection: Failure to break this resistance might lead to a pullback towards the $0.2460 support level or even lower.
* Consolidation: The price could also consolidate within the $0.2460 - $0.2480 range for a while before making its next move.
Watch Out For:
* Increased volume upon breaking the resistance level.
* Overall market sentiment and Bitcoin's price action.
* The next significant resistance level is around $0.2500.
Remember, always manage your risk and conduct your own thorough analysis before making any trading decisions. Stay vigilant!
