$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 – $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.

šŸ”¹ Entry:

Buy Zone: $0.2860 – $0.2870 (just above lower Bollinger Band)

šŸŽÆ Targets:

Target 1: $0.2895 – Near-term resistance and breakout level

Target 2: $0.2930 – Next psychological and technical resistance

Target 3: $0.2980 – Extension target if volume picks up

šŸ›‘ 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)

šŸ“Œ 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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