$TRX 🔥 STRONG MOMENTUM 🔥
📌 Token: TRX (TRON)
Current Price: $0.3391 USDT
24h Volume: $108.10 million USDT
Market Sentiment: Stable with mild bullish bias
Use Case: Decentralized content and smart contract platform
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📐 Fibonacci Retracement Setup
We assume a recent swing low of $0.3100 and swing high of $0.3550, forming the basis of Fibonacci levels.
Fibonacci Level Price (USDT)
23.6% $0.3441
38.2% $0.3367
50.0% $0.3325
61.8% $0.3283
78.6% $0.3221
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🎯 TRX Fibonacci Trading Strategy
🔸 Strategy A: Dip Buy Zone (Pullback Entry)
✅ Entry Range:
Between $0.3367 – $0.3283 (38.2%–61.8% Fibonacci zone)
📈 Entry Confirmation:
Bullish reversal candlestick on 1H or 4H chart
RSI rebounds from 40+
Volume uptick on support zone
🎯 Targets:
T1: $0.3441 (23.6% level)
T2: $0.3550 (Swing High)
T3: $0.3670 (Fibonacci extension 1.272)
T4: $0.3785 (Fibonacci extension 1.618)
🛑 Stop Loss:
Below $0.3221 (78.6% Fib)
Or risk limit of 2–3% from entry
Market Notes
✅ Strengths:
TRX has strong liquidity and consistent volume
Often less volatile, ideal for structured Fibonacci trades
Active DeFi and stablecoin ecosystem
⚠️ Watch Out:
Prone to news-based volatility (founder/Justin Sun updates)
Overbought RSI or BTC corrections could affect performance
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📌 Summary
> 📉 Buy dips around $0.3367–$0.3283
🚀 Watch breakout above $0.3550
🎯 Targets up to $0.3920 using Fibonacci extensions
🛡️ Protect with tight stops and good capital control
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