TRX Bull Charge! Breaking the critical point, FOMO sentiment is rising, and a thousand-fold potential is igniting the market!
Technical analysis shows that TRX's current price is $0.2763, slightly higher than the holding cost of $0.2757 (deviation 0.224%), but lower than MA200 ($0.2782, deviation -0.693%). The Bollinger Bands position is at 52.3% in the middle, indicating a volatile pattern. RSI at 62.2 is not overbought, and the 24-hour trading volume increased by 41.1% alongside a price rise of 0.88%, indicating strong momentum. The open interest has increased by 19.05% in 24 hours, with the long-short ratio rising to 1.2552, indicating smart money is dominated by bulls. The order book shows significant selling pressure (buy-sell ratio 0.71), with near-term sell orders totaling 700,000 USDT, and liquidity gaps gathering sellers at 0.2764-0.2768 (total value 1.2 million USDT), support levels at 0.2755-0.2759 (buyer liquidity 650,000 USDT), and resistance above 0.2764.
The market cycle is in the mid-stage of a rebound, with bulls building momentum but not overheated. A short-term bullish strategy is recommended: entry point at 0.2760 (aggressive), stop loss at 0.2750 (break support invalidation), target at 0.2770. Risk-reward ratio 1.0. Risks: high selling pressure, positive funding rates may lead to corrections, position ≤2%, avoid low liquidity periods.
Like and follow for real-time updates, and feel free to leave comments to discuss strategy details!