$TRX /USDT Weekly Outlook on Binance
Current Price: ~$0.329
📈 Technical & Market Snapshot
•Bullish Setup: TRX remains in a rising channel around $0.322-$0.329, with strong support near $0.300 across the 200-day EMA and 50-day SMA.
•Momentum Indicators: TradingView shows a "Strong Buy" bias with most moving averages and oscillators leaning bullish.
•Resistance & Breakout Points: Key resistance lies at $0.285-$0.290; a breakout above could aim toward $0.33-$0.35 next week
🔮 This Week’s Price Range
📈 Bullish: $0.345 – $0.360
↔ Neutral: $0.310 – $0.345
📉 Bearish: $0.290 – $0.310
📊 Trade Plan
•Entry Zone: $0.320 – $0.330
•Take Profit 1: $0.345
•Take Profit 2: $0.360
•Stop Loss: Below $0.300
🧠 Insight:
TRX is consolidating near the upper range of its channel. A clean breakout above $0.345 with volume could trigger the next upward leg; however, failure to hold $0.310–$0.300 may lead to a deeper pullback.
