$TRX /USDT BULLISH BREAKOUT ON THE HORIZON AS PRICE HOLDS ABOVE KEY MOVING AVERAGES!
Immediate Market Move:
$TRX/USDT is currently showing bullish strength as it consolidates above all key short-term and mid-term moving averages — MA(7), MA(25), and MA(99) — which are closely aligned around 0.2732–0.2734. The price action remains stable near $0.2734, reflecting accumulation just below the recent 24h high of $0.2750. The steady upward slope of moving averages indicates buying interest and sets the stage for a potential breakout above $0.2750 resistance.
Trade Setup:
Long Entry: $0.2735
Targets (TP): $0.2780 / $0.2830
Stop Loss (SL): $0.2700
Market Outlook:
Momentum is gradually building for TRX/USDT as it maintains structure above crucial support. A break above $0.2750 could invite strong buying volume, targeting the next key resistance levels. However, failure to hold above $0.2700 may invalidate the bullish structure, hence the importance of a well-defined stop.
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