$TRX
TRX/USDT Technical Analysis – Binance
Current Price: $0.2488
24h Change: +1.63%
Volume Surge: TRX volume crossed 219M, showing strong buyer interest.
Market Outlook:
TRX is currently consolidating after testing the $0.2498 resistance. If bullish momentum continues, we may see a breakout above key resistance levels.
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Key Technical Levels & Targets:
1. Target 1: $0.2530
Resistance Level: Minor resistance from recent candle wicks.
Breakout Probability: High if volume sustains.
2. Target 2: $0.2595
Major Resistance Zone from April's highs.
Psychological Level – May face some selling pressure.
3. Target 3: $0.2615
Extension Target based on Fibonacci projection.
Reaching here may confirm a short-term bullish reversal.
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Support Zone: $0.2445
Risk Management: Set stop-loss below $0.2435 for short-term trades.
Strategy Tip:
Wait for candle close above $0.2500 on the 1H chart before entering for breakout trades. Volume confirmation is key.
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