🚨 $TRX Ready to Breakout? Or Just Sideways Again?
The price of $TRX is currently around $0.314 – consolidating in a narrow zone after briefly touching $0.32. Many traders are asking: is this an accumulation signal before a rally, or an overbought signal that leads to a correction?
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🔍 Brief Technical Analysis:
• Current Trend: Strong Sideways (range $0.305 – $0.320)
• Daily RSI: ~63 – not overbought yet, still room to rise
• Support: $0.305 strong held since the beginning of the month
• Resistance: $0.325 is key, a break above this could take $TRX to $0.34+
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📌 Strategies for Traders:
• Breakout Hunter: Buy if it breaks $0.325 with large volume → Target $0.34
• Accumulation: Buy gradually at $0.305 – $0.310 (support zone)
• Risk Management: Tight SL below $0.30 to protect capital
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⚠️ Beware of False Breakouts!
TRX has a history of rapid spikes… then sudden drops. Don't FOMO without valid signals.
