$TRX BREAKOUT WATCH – Targeting $0.2665 and $0.2687 Next!
$TRX/USDT is trading at $0.2622, rebounding from the daily low of $0.2586. Price action shows signs of base formation, and with volume holding at 220.88K, a breakout from the consolidation range could trigger a bullish push.
Current Price Range:
• Support Zone: $0.2588 – $0.2605
• Immediate Resistance: $0.2640 – $0.2655
Trade Setup – Bounce in Progress
Entry Zone (Long): $0.2630 – $0.2640 (on breakout confirmation)
TP1: $0.2665
TP2: $0.2687
Stop-Loss:
• Primary SL: Below $0.2600
• Tighter SL (for aggressive traders): Below $0.2612
The tighter stop is useful for scalp entries, while the wider stop gives room for volatility.