$TRX š BULLISH MOMENTUM š
Chart Overview & Technical Analysis
Price: $0.3467 USDT
24h Volume: $156.52M USDT (moderate liquidity)
Trend: Short-term bullish continuation after bouncing off the $0.3400 support.
Key Support Levels: $0.3400 ā $0.3320
Key Resistance Levels: $0.3550 ā $0.3620
Indicators:
RSI (1h): ~63 ā showing bullish momentum but not yet overbought.
MACD: Positive crossover on 4h chart ā bullish confirmation.
MA50 vs MA200 (Golden Cross on 1h): Price trading above both ā trend support intact.
Short-Term Setup:
If TRX stays above $0.3400, next target is $0.3550.
A breakout above $0.3550 could push towards $0.3620ā0.3680 intraday.
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š Trading Strategy
Bullish Plan:
Entry Zone: $0.3440 ā $0.3460
Target 1: $0.3550
Target 2: $0.3620
Stop-Loss: $0.3390 (tight risk control)
Risk Assessment
Volatility: Medium ā intraday swings of 2ā3% are common.
Liquidity: Healthy ā volume allows quick position entries/exits.
Risk Level: Moderate ā but careful near resistance as sellers might take profit.
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š¢ Market Sentiment
Social Buzz: TRX getting renewed attention due to DeFi integrations & stablecoin flows on Tron network.