$TRX /USDT SIDEWAYS CHOP NEAR LOCAL RESISTANCE — BREAKOUT BUILDING OR FAKEOUT BREWING?
$TRX is trading at $0.2735, up slightly +0.70% today. The 15-minute chart shows tight-range consolidation between $0.2715 support and $0.2752 resistance. Wicks on both ends suggest indecision, but a squeeze is forming — a breakout or breakdown is imminent.
Trade Setup (SCALP LONG):
Entry Zone: $0.2725 – $0.2738
Target 1: $0.2758
Target 2: $0.2785
Stop Loss: $0.2709
Market Outlook:
This is a classic volatility compression zone. If bulls can close a 15-min candle above $0.2750 with strength, TRX may push higher quickly. Conversely, a breakdown below $0.2715 would invalidate the setup.
Risk Management Tip:
This is a low time frame, high-risk play. Use reduced position sizes and stick to SLs without hesitation.
Don’t let this breakout pass you by — quick entries now may lead to rapid scalps!
Be sharp, be quick — breakout candles wait for no one!
