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🧭 1. Technical context & key levels
Current price: ≈ $0.3046, with high daily volume (~$1.5 billion) but slightly below the weekly average.
Technical pattern: A bullish breakout of a "cup & handle" was confirmed with resistance at ~$0.29–0.32. The immediate target is $0.35–0.38 if the market supports it.
Technical indicators:
Moving averages: 20-50-200 SMA showing positive trend; the price is above the 200-day average (~$0.25).
Bollinger Bands: Operating in the upper band, suggesting bullish momentum.
Key supports: $0.29 (breakout), then $0.26. Resistances: $0.32 and psychological $0.35–0.38.
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📈 2. Entry and exit strategy
Action Level Reason
Partial buy $0.305–0.31 In accumulation zone post-breakout, with high probability of continuation.
Add position After daily close > $0.32 Confirms broken resistance; activates second entry.
**Objective 1 (Partial take-profit)** $0.35 Matches the upper band of the technical pattern (≈ +15%).
Objective 2 $0.38 More optimistic technical extension (+25%).
Stop-loss $0.285 Below breakout support; limits loss to ~6%.
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⏳ 3. Risk management and position sizing
Recommended exposure: Do not risk more than 1-2% of total capital per trade.
Distribute investments in two phases: initial entry and added after confirmation.
Trailing stop: After reaching $0.35, move SL to breakeven + 2-3 cents to protect profits.
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📅 4. Horizon and market conditions
Horizon: Short to medium term — weeks to 1-2 months.
Catalysts:
Continuation of macro-crypto momentum (Bitcoin, Ethereum).
News about DeFi adoption or TVL growth in Tron (recent figures indicate growth).
Macroeconomic movements affecting sentiment in altcoins.
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🛎️ 5. Follow-up and adjustment
Monitor resistance level at $0.32–0.33; consolidations or rejections may indicate a pause.
Be alert to volume: an increase reinforces rise; a drop may anticipate a pullback.
Review weekly: if it exceeds $0.35, consider partial rotation to objective 2.
Readjust stop-loss based on new support zones if it breaks $0.32.
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✅ Step-by-step summary
1. Initial entry at $0.305–0.31 (technical confirmation + high volume).
2. Add position after daily close > $0.32.
3. Take-profit 1 at $0.35, Take-profit 2 at $0.38.
4. Stop-loss at $0.285 (movable).
5. Stay alert to volume, DeFi/TVL news, and macro context.
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📌 Warning: This plan is indicative and does not constitute financial advice. Adapt according to your risk profile and only use capital you are willing to lose.
#Spot #StrategicTrading #trading #TRX $TRX