๐ TRON (TRX) at Breakout Point: Bullish Reversal or Pullback?
TRX/USDT is showing promising signs of a rounding bottom breakout, currently trading near 0.2669 with a modest upward move of +0.64%. Letโs break down what this means for TRX and what could come next.
๐ Key Resistance Zones
TRX is approaching some critical levels:
0.2672 โ Long-term target (currently being tested) ๐ฅ
0.3026 โ 0.3206 โ Next bullish targets ๐
0.3556 โ 0.4477 โ High-level resistance for future gains ๐
0.1808 โ Mid-term target & previous breakout point โ
0.1438 โ Historical resistance to watch
๐ก๏ธ Support Zones to Watch
If momentum slows down or price rejects resistance:
0.1808 โ Key mid-term support ๐
0.0981 โ Major support zone ๐งฑ
$0.10 โ $0.12 โ Alternative demand area ๐
๐ Bullish Rounding Bottom Pattern
TRX has formed a classic rounding bottom, a strong bullish reversal signal!
Neckline: 0.1808
Breakout above neckline confirms strength
Currently retesting long-term resistance at 0.2672
๐ฎ Possible Scenarios for TRX
โ Bullish Breakout
If TRX breaks and holds above 0.2672, expect a move toward:
0.3026 โ 0.3206 โ 0.3556 and beyond
High trading volume at breakout would confirm trend strength
โธ๏ธ Consolidation Near Resistance
Price might hover around 0.2672 before a breakout or rejection
Accumulation zone for swing traders
๐ Rejection & Pullback
Failure to hold above 0.2672 could lead to a pullback to:
0.1808 (major mid-term support)
Holding 0.1808 would keep the bullish setup intact
โ ๏ธ Deeper Correction
If 0.1808 fails, next stop could be:
0.0981 or the $0.10โ$0.12 zone
๐ Other Key Considerations
Market Sentiment โ Bullish altcoin environment helps TRX ๐
TRON Ecosystem News โ Any major update could spark a rally ๐ข
Trading Volume โ Crucial for confirming breakouts or breakdowns ๐
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