$TRX /USDT Breaking Out – Next Target $0.3500
TRX is gaining momentum with a +5.92% surge to $0.3290, backed by strong volume (825.66M TRX / $263.18M USDT). As a leading Layer 1 / Layer 2 asset, it's now testing the 24h high ($0.3318), signaling potential for further upside.
Trade Setup:
- Entry Zone: $0.3250 – $0.3300 (consolidation breakout)
- Stop Loss: Below $0.3150 (recent support)
- Target: $0.3500 (+6.4% from current levels)
Why This Trade Works:
1. Breakout Potential: Price is pushing against 24h high resistance with increasing volume.
2. Sector Strength: Layer 1/Layer 2 narratives are gaining traction.
3. Technical Structure: Higher lows suggest bullish accumulation.
Risk Management:
- Use a 2:1 reward-to-risk ratio.
- Trail stops above $0.3350 to secure profits if the rally extends.
