$TRX /USDT Trade Setup
Market Insight:
$TRX is consolidating tightly near its Bollinger Band mean (MB: $0.2874) with minimal volatility in the past 24 hours. The price remains range-bound between $0.2859 ā $0.2883, suggesting indecision and potential for a breakout. Long-term momentum remains strong, with a 129% gain over the past year and a 21.91% surge over 90 days, reflecting bullish undercurrents.
š¹ Entry:
Buy Zone: $0.2860 ā $0.2870 (just above lower Bollinger Band)
šÆ Targets:
Target 1: $0.2895 ā Near-term resistance and breakout level
Target 2: $0.2930 ā Next psychological and technical resistance
Target 3: $0.2980 ā Extension target if volume picks up
š Stop Loss:
Below $0.2845 (to avoid fakeouts below Bollinger Band support)
Key Levels:
Support: $0.2850 / $0.2820
Resistance: $0.2885 / $0.2930 / $0.2980
Pivot Level: $0.2874 (Bollinger MB)
š Pro Tip:
Wait for a 15m or 1h candle close above $0.2883 with increased volume for a breakout confirmation. If price rejects at resistance again, consider short-term scalps within the range until breakout.
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