$TRX TRX/USDT Technical Analysis ๐
Current Market Situation ๐
- Price: 0.2635 USDT (+4.98%)
- 24h Trading Range: 0.2499 (Low) - 0.2637 (High)
- 24h Volume: 756.87M TRX / 194.01M USDT
- Current timeframe: 4h chart
Technical Indicators Analysis ๐
Momentum Indicators
- RSI(6): 85.7756 โ ๏ธ **Overbought** territory
- STOCHRSI: 83.5807 โ ๏ธ **Overbought** condition
- MASTOCHRSI: 85.7504 โ ๏ธ **Overbought** condition
- Williams %R(14): -0.9901 ๐ Moving up from oversold
Volume Analysis
- OBV: 4,956,292,780.7000 ๐ **Strong** uptrend in volume
- Volume: 241,685,946.3 ๐ Significant increase recently
- Volume MAs: MA(5): 115,833,630.5, MA(10): 92,625,014.1
Moving Averages & Indicators
- SAR(0.02, 0.2): 0.2524 โ Price above SAR (bullish)
- K: 87.5248, D: 82.8470, J: 96.8804 โ ๏ธ **Overbought** in Stochastic
Performance
- Today: +3.50%
- 7 Days: +7.07%
- 30 Days: +13.24%
- 90 Days: +13.38%
- 180 Days: +64.28%
- 1 Year: +113.53% ๐
Chart Pattern Analysis ๐
The price chart shows a recent strong bullish movement after forming what appears to be a cup and handle pattern. The recent sharp green candle indicates strong buying pressure, but the RSI and stochastic indicators suggest the asset is currently overbought.
Trading Strategy ๐น
Entry Strategy ๐ข
1. **Primary Entry Zone:** 0.2550-0.2580 on a pullback ๐ฏ
- Wait for RSI to cool down below 70
- Look for support at the previous resistance level
2. **Secondary Entry Zone:** 0.2480-0.2500 ๐ฏ
- Stronger pullback to the previous consolidation area
- Confluence with potential support levels
Exit Strategy ๐
1. **Short-term Target:** 0.2750 (+4.4%) ๐ฐ
2. **Medium-term Target:** 0.2850 (+8.2%) ๐ฐ๐ฐ
3. **Long-term Target:** 0.3000 (+13.9%) ๐ฐ๐ฐ๐ฐ
Stop Loss Placement ๐
1. **Conservative Stop:** 0.2480 (-5.9%)
2. Stop:** 0.2435 (-7.6%) - at the recent swing low
3. **Aggressive Stop:** 0.2400 (-8.9%)