$TRX STRONG POTENTIAL
📈 Technical Chart Pattern
🔍 Pattern: Rising Channel / Breakout Formation
TRX has rallied from consolidation, now forming a tight rising channel between ~$0.285–$0.295.
TradingView indicators show neutral-to-strong buy sentiment from multi-timeframe MAs and oscillators .
The 50-day EMA ($0.290) acts as dynamic support, recently confirmed by a bounce .
🎯 Trading Strategy
🚀 Breakout Plan
Entry: On close above $0.297–$0.300 with volume surge
Targets:
TP1: $0.305
TP2: $0.318
TP3: $0.330–$0.335
Stop-Loss: $0.285 (below channel/EMA support)
🟢 Channel Bounce Setup (Conservative)
Entry Zone: $0.285–$0.290 on successful bounce confirmation
Targets & SL: Same as above
Disclaimer
This analysis is for educational purposes only and not financial advice. Cryptocurrency trading involves substantial risk. Always Do Your Own Research (DYOR), apply risk controls, and only trade what you can afford to lose.
