$TRX As of now, the live price of TRON (TRX) is approximately $0.2743, with a 24-hour trading volume of about $1.5 billion. This indicates a healthy trading environment, which is crucial for confirming any bullish momentum.🚨🚀
Current Analysis:
Recent Price Action: After the spike to $0.2953 and the retracement, TRX is indeed consolidating above the support zone of $0.2717. This behavior often suggests a potential liquidity sweep, which could precede a stronger upward movement.
StochRSI: Being in the mid-range indicates that there is still room for bullish momentum, especially if trading volume supports this move.
Long Trade Setup (4H Timeframe):$TRX
Entry Zone: $0.2730 – $0.2770
Take Profit Levels:
Take Profit 1: $0.2830
Take Profit 2: $0.2900
Take Profit 3: $0.2960
Stop Loss: $0.2655
Market Sentiment:
With 66% buy pressure on the order book and a strong recovery from the wick low, it seems like TRX is poised for potential continuation moves. A close above $0.2800 could indeed trigger more buyers, reinforcing the bullish sentiment.
Buy and trade here on $TRX