$TRX Nearing Key Resistance! Breakout Imminent? 🔥📈
On the 1h timeframe, $TRX is currently trading at $0.2618, showing a positive movement of +1.87%. The 24h high is $0.2661. Zooming out to the 1-week timeframe, we can see trx is approaching a significant resistance level around $0.2650 - $0.2660. A break above this level could signal further bullish momentum.
✅ Testing Key Resistance:
#TRX is currently testing a crucial resistance zone. Watch closely for a potential breakout.
Potential Long Targets (if breakout occurs):
🎯 $0.2661 (24h high - potential immediate target)
🎯 $0.2700 (potential next resistance level)
🎯 $0.2800 (potential further target)
🛡️Important Resistance Level (needs to be broken for further upside):
🛡️ $0.2650 - $0.2660 (significant resistance zone on higher timeframes)
🛡️Important Support Level (to watch for potential pullback if resistance holds):
🛡️ $0.2600 (near-term support)
🛡️ $0.2550 (further support level)
🛑 Stop Loss (for long position if breakout occurs):
Consider setting a stop loss slightly below the breakout level (e.g., $0.2640) to protect against a false break.
Buy and trade here on $TRX
