$TRX is currently trading at 0.2842, hovering near the upper Bollinger Band at 0.2845.
This proximity suggests potential overextension, raising the risk of a pullback.
Key support is at 0.2824, while resistance is at 0.2852.
With Bollinger Bands contracting, we may see reduced volatility ahead.
Consider placing a stop-loss just below 0.2823 to manage risk.
Recommended action: wait for a clear breakout above resistance or retreat toward support before making a move.
