Based on the $TRX /USDT (4H timeframe) on Binance, currently trading at $0.2444, here's a well-structured trade setup:
TRX/USDT Trade Setup (4H Timeframe)
Technical Snapshot:
Current Price: $0.2444
RSI (14): 41.29 → Neutral-to-slightly-oversold zone
Support Zone: $0.2400–$0.2350
Resistance Zone: $0.2500–$0.2550
Macro Resistance: $0.2650–$0.2700
Bullish Setup (Support Bounce):
Entry: $0.2400–$0.2440 (near current support)
Confirmation: Bullish engulfing candle or RSI rebound from ~40
Targets:
TP1: $0.2500 (local resistance)
TP2: $0.2550 (4H supply zone)
Stop Loss: $0.2340 (below support wick)
Breakout Trade:
Entry: Break and close above $0.2550
Confirmation: 4H close with strong bullish volume
Targets:
TP1: $0.2650
TP2: $0.2700
Stop Loss: $0.2480
Bearish Setup (If $0.2400 Fails):
Entry: Below $0.2350 on high sell pressure
Targets:
TP1: $0.2250
TP2: $0.2100
Stop Loss: $0.2430
Would you like this setup turned into TradingView alerts or visualized on a chart?
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