$TRX is evading resistance. Is it preparing for an upcoming launch? Here’s the analysis and strategy!
Technical analysis of the TRX/USDT pair:
Current price: $0.2725
Daily change: +1.00%
The price is moving within a sideways range near resistance at $0.2730
Moving averages (MA5 and MA10) have begun to cross positively
RSI at 60 ➜ still has upward momentum before entering overbought territory
Bollinger Bands are tight ➜ signal of an imminent strong price movement
MACD in a bottom area with a tendency for bullish reversal
Proposed trading strategy:
Ideal entry zones:
Initial entry: $0.2700 - $0.2720
Entry confirmation: $0.2740 with a strong green candle and high volume
Profit targets:
First target: $0.280
Second target: $0.284
Third target (if momentum continues): $0.290
Stop loss:
Below $0.2670 ➜ lowest local support to preserve capital
Type of trade:
Suitable for spot trading
Or perpetual contracts with low leverage by dividing capital at entry points
Question for the audience:
Do you think TRX is gearing up for a real breakout towards $0.29?
Or does the current sideways range hide a nearby correction?
Share your opinion and your next target for the coin 👇
