1. Current situation
- Price: $0.2544 (+3.16% over the last 24 hours).
- Volatility: Maximum in 24h — $0.2580, minimum — $0.2461.
- Volumes:
- 371.81 million TRX.
- 93.20 million USDT.
- RSI(6): 84.31 (strongly overbought).
- MACD: DIF (0.0012) > DEA (0.0011), histogram positive (0.0001), but weak.
2. Key indicators
- RSI: A value above 80 indicates overbought conditions, a correction or consolidation is possible.
- MACD: Shows weak upward momentum, but divergence may signal a slowdown in growth.
- Support/Resistance:
- Nearest support: $0.2523 (previous minimum).
- Resistance: $0.2580 (maximum in 24 hours).
3. Trading plan
- Scenario 1: Correction (overbought)
- Entry for sale: If the price drops below $0.2523 (support) with confirmation from RSI (decline from overbought zone).
- Targets: $0.2460 (minimum in 24h), then $0.2427.
- Stop-loss: $0.2555 (above current price).
- Scenario 2: Continuation of growth
- Entry for purchase: Upon confident breakout of $0.2580 with increased volume.
- Targets: $0.2600 (psychological level), then $0.2650.
- Stop-loss: $0.2520 (below support).
- Alternative: Await consolidation in the range of $0.2523–$0.2580 for clearer signals.
4. Risks
- High RSI may lead to sharp corrections.
- Low volume on breakout resistance — false signal.
5. Recommendations
- Use smaller volumes due to overbought conditions.
- Monitor volumes and news regarding TRX.
Summary: Today, it is preferable to look for selling points on corrections, but be ready for a breakout if the market maintains strength. Stop-losses are mandatory.