📍#TRX Technical Analysis (2025/07/04)
The market continues to strongly advance, today we quickly grasp the key support and resistance levels for TRX across daily, 4H, and 1H time frames, making trading clear for you!
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【1D】
Trend: Medium Bullish (Continued Upward)
TRX daily price stabilizes above the 21-day EMA (~0.277) and Pivot (0.278), rebounding after confirming support, but encounters resistance at R1 (0.2971). RSI ~63, MACD green bars turning red, watch for the potential to break through 0.2971 to continue the advance, otherwise, it may continue in a range.
🔹 Long Position Information:
🛑 Stop Loss: 0.2607 (turns bearish if below S1)
🟢 Add Long: 0.2780 (Pivot support, already triggered), 0.2971 (R1 support, not triggered), 0.3144 (R2 support, not triggered)
🚀 Breakout Add Long: 0.2971 (breaks R1)
🎯 Take Profit: 0.2971, 0.3144, 0.3315
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【4H】
Trend: Medium Bullish (Trend Strengthening)
4H has broken the 200 EMA (~0.274) and the descending pressure line, and after standing above R1 (0.2814), it retraced to EMA9/21 and still holds. DMI +DI > -DI, indicating continued medium-term bullishness.
🔹 Long Position Information:
🛑 Stop Loss: 0.2678 (turns bearish if below S1)
🟢 Add Long: 0.2847 (EMA9 support, already triggered), 0.2823 (EMA21 support, already triggered), 0.2768 (Pivot support, already triggered)
🚀 Breakout Add Long: 0.2960 (breaks R3)
🎯 Take Profit: 0.2960, 0.2971, 0.3144
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【1H】
Trend: Minor Bullish (Short-term Upward)
1H is gradually rising along EMA9/21 and has broken R2 (0.2850), Stoch oscillating at a high level, RSI ~62, watch for retracement to R2 for long opportunities.
🔹 Long Position Information:
🛑 Stop Loss: 0.2814 (turns bearish if below R1)
🟢 Add Long: 0.2850 (R2 support, already triggered), 0.2814 (R1 support, not triggered), 0.2726 (Pivot support, not triggered)
🚀 Breakout Add Long: 0.2950 (breaks R3)
🎯 Take Profit: 0.2950, 0.2971, 0.3144
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【Strategy Summary】
Operational Suggestions:
1. Focus on the resistance at 0.2971 on the daily chart, continue long if it breaks, otherwise operate within a range;
2. A retracement to EMA9/21 or Pivot on the 4H chart is a low-risk adding point, strictly maintain a stop loss at 0.2678;
3. A retracement to 0.2850 support on the 1H chart can be a short-term long opportunity, increase position if breaking 0.2950;
4. Risk Management: Single trade risk should not exceed 2% of capital, strictly enforce stop loss.
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