$TRX
Pulling from Resistance
- Collapse or Deception?
TRX touched the resistance area and faced immediate rejection, leading to a pullback with an increase in volume. The support area now becomes critical
- Will it hold or will it collapse?
Key levels to watch
Resistance area: 0.3160 – 0.3172
Support area: 0.3120 – 0.3130
Trade setup - Decision time for bulls
Bullish entry: above 0.3172
Target 1: 0.3195
Target 2: 0.3220
Final conclusion: 0.3250
Bearish entry: below 0.3120
Target 1: 0.3095
Target 2: 0.3075
Final conclusion: 0.3040
TRX at a crossroads - a reclaim above resistance could lead to new upward momentum, while losing support could change the trend. Watch volume and breakout confirmation closely.