$TRX ๐ BULLISH MOMENTUM ๐
TRX Trading Strategy โ Fibonacci Edition
Current Price: $0.3276
24h Volume: ~$96.15 million โ
Market Sentiment: Bullish continuation off prior pullback, holding above key breakout support at $0.32.
๐ Technical & Chart Insights
Trend: Bullish โ 1D technical summary shows strong buy bias with most moving averages and oscillators above average.
Volume: Recent rebound from $0.32 supports contained volume above multi-day baseline.
Momentum: RSI ~63, MACD trending positive. Bollinger Bands tightโexpect breakout if range resolves.
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๐ฏ Trade Setup Guidelines
๐ข Trade 1: Fibonacci Pullback Long (LowโRisk Entry)
Buy Zone: $0.330 โ $0.334 (Fib 0.618โ0.5)
Entry Trigger: Bullish reversal candle and RSI bounce above 50
Targets:
T1: $0.338 (Fib 0.382)
T2: $0.344 (Fib 0.236/high)
StopโLoss: $0.326 (just below 0.618 level)
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๐ Trade 2: Momentum Breakout Long
Trigger: 1โhour close above $0.348 with rising volume (โฅ $100โฏM)
Entry Range: $0.349 โ $0.352
Targets:
T1: $0.360
T2: $0.375โ$0.380 (Fibonacci extension zone)
StopโLoss: $0.341
Disclaimer
This trading strategy is for educational purposes only and should not be interpreted as financial advice. Cryptocurrency trading carries inherent risks. Always do your own research (DYOR), manage risk carefully, use stop-losses, and never trade with more capital than you can afford to lose.
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