๐จ $TRX /USDT โ Oversold & Coiling Up? Breakout Imminent or Breakdown Ahead? ๐ฅ
$TRX is holding steady around $0.2719 after tagging a low of $0.2708. With RSI at extreme lows, could a rebound be comingโor is this just the calm before a deeper fall?
๐ Market Overview
๐ Current Price: $0.2719
๐ 24h High: $0.2782
โ๏ธ 24h Low: $0.2708
๐ Moving Averages:
MA(7): $0.2724
MA(25): $0.2750
MA(99): $0.2748
๐ RSI(6): 21.16 (Oversold โ strong bounce potential!)
๐ MACD Momentum:
DIF: TBD
DEA: TBD
MACD Histogram: TBD
(MACD values not listedโupdate if available)
๐ TRX Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If TRX Holds Above $0.2700):
Entry: Above $0.2730
Targets: $0.2775, $0.2800, $0.2835+
Stop-Loss: $0.2680
๐น Bearish Scenario (If TRX Breaks Below $0.2680):
Entry: Below $0.2670
Targets: $0.2625, $0.2550, $0.2480
Stop-Loss: $0.2735
๐ Should You Hold or Sell?
โ RSI near 21 = Highly oversold, potential bounce brewing
โ MA(7) acting as dynamic resistanceโwatch for clean reclaim
โ If $0.2680 breaks, further downside likely with little support
๐ก Pro Tip:
๐ A reclaim of $0.2750 (MA25) on strong volume could flip momentum bullish
โ ๏ธ Donโt trust low-volume green candlesโlook for real strength before jumping in
๐ข Are you buying the TRX dip or waiting for confirmation? Share your move below!
๐ฅ LIKE & SHARE for more laser-focused trade insights! ๐