๐ $TRX /USDT โ Breakout Potential on the Horizon! ๐ฅ
$TRX is trading at $0.2720 (-0.77%), showing signs of strength as it consolidates near the 24H low of $0.2703. The 1H chart reflects tightening price action, suggesting a potential breakout move is forming toward the 24H high at $0.2746. Momentum traders should keep a close eye on key resistance and volume surges.
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๐ Trade Setup:
Entry Zone: $0.2710 โ $0.2730
Target 1: $0.2745
Target 2: $0.2770
Target 3: $0.2805
Stop Loss: $0.2685
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๐ Key Observations:
1. Consolidation Phase: Tight price range, which often precedes significant moves.
2. Volume Surge: Watch for increased trading volume near $0.2745โa breakout above this level could ignite a bullish rally.
3. Risk-Reward: Offers a favorable setup with minimal downside risk (SL at $0.2685) and upside potential.
