$TRX /USDT Breaks Key Resistance — Bullish Momentum Unfolding🤔🔐👇
Market Outlook 📊
$TRX has broken out of its consolidation zone and is now trading around $0.2797, after a clean BOS (Break of Structure) on both the 1H and 1D charts. This marks a significant shift in momentum, confirming bullish control in the short and mid-term outlook.
On the 1D timeframe, the breakout candle has strong volume and body, closing far above previous resistance at $0.2650–$0.2700, which now acts as the new support zone.
Formed Candle & Trend Signals:📊📉
1H Chart: Continuous higher highs with steady support at 20EMA
1D Chart: Breakout candle closing above BOS — signals continuation
Stochastic RSI: Currently in the overbought zone (~86), indicating strength but also the potential for a short-term pullback
Trade Strategy (Buy Bias):💥
Entry 1: On retest of $0.2690–$0.2660✅
Entry 2: Momentum breakout above $0.2810✅
Target 1: $0.2920🎯
Target 2: $0.3080🎯
Stop Loss: Below $0.2610☣️
Risk-Reward Potential: 1:2+ with defined structure-based trading
Market Insight:🧑🏫
This breakout is technically clean and backed by consistent structure. However, due to RSI overextension, entering at confirmation zones or pullbacks is more favorable than chasing green candles.
Disclaimer:⚠️
This post is for educational purposes only. Trading cryptocurrencies involves substantial risk. Always manage risk and conduct your own research before taking trades.