🔍 $TRX /USDT – Oversold and Squeezing 📉📊 Is a Bounce Incoming?
#Tron ($TRX) trades at $0.2663 (-) and just flashed an extremely oversold RSI (16.99) on high volume. While price hovers near key support, momentum is stretched—setting up for either a mean-reversion bounce or a deeper flush.
📊 Market Overview
📍 Current Price: $0.2663
📈 24h High: $0.2718
❄️ 24h Low: $0.2659
📊 MA Levels:
• MA(7): $0.2672
• MA(25): $0.2692
• MA(99): $0.2694
💱 24h Volume:
• TRX: 207.22M
• USDT: $55.78M
📉 RSI (6): 16.99 – Deeply oversold 🔻
📉 MACD: Bearish – still diverging
📈 TRX Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (Bounce from Oversold):
• Entry: $0.2660–0.2670 zone
• Targets: $0.2696 → $0.2733 → $0.2769
• Stop-Loss: $0.2620
🔹 Bearish Scenario (Breakdown):
• Entry: Below $0.2620
• Targets: $0.2580 → $0.2535
• Stop-Loss: $0.2695
🧠 Analysis & Strategy
⚠️ RSI at ~17 = Historically strong bounce risk
⚠️ Price near MA(7), under both MA(25) & MA(99)
📉 MACD still red, but a bullish reversal may be brewing
💡 Watch Closely:
• Bounce from oversold + increasing volume = swing long setup
• Weak follow-through & break under $0.262 = short continuation
📌 TRX is nearing exhaustion on the downside. Patience + confirmation = key.
⚡ LIKE & REPOST if you’re watching this TRX compression. Time to get surgical!
