$TRX 🚀 🚀 BULLISH MOMENTUM 🚀 🚀
📊 Technical Overview
Price Positioning: TRX is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend.
📈 Trade Setup
Bullish Scenario:
Entry Point: If TRX breaks above the $0.2751 resistance with strong volume, consider entering a long position.
Targets:
First target at $0.2900.
Extended target at $0.30, contingent on sustained bullish momentum.
Stop-Loss: Place a stop-loss below the $0.2412 support level to manage risk.
📌 Key Considerations
Volume Analysis: Monitor trading volume closely. A breakout accompanied by high volume increases the likelihood of a sustained move.
Market Sentiment: Stay updated on broader market trends and news, as they can significantly impact TRX's price action.
