🔼 $TRX /USDT – Ascending Channel in Action! Bulls Warming Up 📈🔥
Current Price: $0.2867 (+0.52%)
$TRX is respecting a textbook ascending channel and just bounced cleanly from the lower trendline support. Momentum is gradually building, and if this structure holds, a move toward the upper resistance band is likely.
📊 Trade Setup:
• Entry: $0.28649
• Target 1 (TP1): $0.28769
• Stop Loss (SL): $0.28556
⚡ Technical View:
Structure is bullish on the lower timeframes with price reacting well to dynamic support. Volume is starting to pick up, signaling growing buyer interest.
🛡 Risk Note:
Invalidation below $0.28556. Manage size carefully and respect the SL in case of a fakeout.
🔄 Strategy Breakdown:
This is a channel bounce play — entering near the bottom of the structure and targeting the top. Break above TP2 could even trigger continuation toward new short-term highs.
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