๐จ $TRX /USDT โ Momentum Building or Short-Term Top? ๐
$TRX is showing strength, currently trading around $0.3045 with a +3.08% gain! But with resistance approaching, is this a breakout in the making or just another bounce? Letโs break it down! ๐
๐ Market Overview
๐ Current Price: $0.3045
๐ 24h High: $0.3068
โ๏ธ 24h Low: $0.2952
๐ Moving Averages:
โข MA(7): $0.3046 (price slightly below short-term trend)
โข MA(25): $0.3005
โข MA(99): $0.2922 (long-term bullish support)
๐ MACD & Momentum
โข Momentum is gradually rising
โข RSI trending toward overbought zoneโwatch for exhaustion
โข Volume remains solid at $184.41M (USDT) and 612.60M (TRX)
๐ TRX Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If TRX Holds Above $0.3000):
โข Entry: Above $0.3050
โข Targets: $0.3080, $0.3150, $0.3250
โข Stop-Loss: $0.2960
๐น Bearish Scenario (If TRX Drops Below $0.2960):
โข Entry: Below $0.2950
โข Targets: $0.2900, $0.2820, $0.2750
โข Stop-Loss: $0.3050
๐ Hold or Sell?
โ Holding above 25-day MA = bullish short-term
โ MACD slope turning upwardโmomentum may build
โ ๏ธ Be cautious if volume fades below $0.3050โrejection likely
๐ก Pro Tip:
๐ A confirmed breakout above $0.3080 with volume could push TRX toward multi-month highs!
๐ Keep a close eye on RSI levelsโoverextension may signal a cool-off.
๐ข Whatโs your game planโholding, entering, or securing profits? Comment below! ๐
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