📊 Market Overview
TRON (TRX) is currently trading at $0.2667 USD, with a daily high of $0.2679 USD and a low of $0.2602 USD.
In the past week, TRX has increased by about 8.5%, showing significant recovery after hitting the bottom in early May.
📈 Technical Analysis
• Near resistance: $0.2758 – $0.3090
• Strong support: $0.2578 – $0.2456
• RSI (14): Currently at neutral level, indicating the market is neither overbought nor oversold.
• MACD: The MACD line crosses above the signal line, indicating a buy signal.
• ADX: Rising, indicating the current trend is strengthening.
The daily chart shows TRX in an upward trend, with a 'Bullish Continuation' pattern indicating the potential for further price increases.
📰 Notable News
• Justin Sun hints at major announcement: On May 11, 2025, Justin Sun hinted at an important announcement, causing TRX price to rise by 3.2% within an hour and trading volume to increase by 18% to $320 million.
• TRON surpasses 10 billion transactions: The TRON ecosystem has reached the milestone of 10 billion transactions, reflecting strong development and widespread acceptance of the network.
📊 Trading Strategy
Scenario 1 – Open Long Position
• Reason for entry: Price breaks above resistance at $0.2758 with strong trading volume, confirming an upward trend.
• Entry zone: $0.2660 – $0.2700
• Stop Loss (SL): $0.2570 (Below nearest support)
• Take Profit (TP): $0.3090 – $0.3200
• Probability of success: 65% (Based on technical signals and strong inflow)
Scenario 2 – Open Short Position
• Reason for entry: Price fails to maintain above $0.2758 and shows signs of a downward reversal.
• Entry zone: $0.2750 – $0.2780
• Stop Loss (SL): $0.2850 (Above nearest resistance)
• Take Profit (TP): $0.2600 – $0.2550
• Probability of success: 55% (Based on the possibility of correction after strong upward movement)
Note: The market is in a euphoric state; tight risk management is necessary, and close monitoring of technical signals is required.
🔗 TRX Trading
Trade directly on Binance: Trade TRX
