$TRX /USDT- is showing a sideways-to-bullish.
With strong support at $0.108 and resistance around $0.118. A breakout above resistance could trigger fresh upward momentum, while holding above support maintains the bullish bias.
Fibonacci Levels:
Current retracement is stabilizing between 38.2% ($0.109) and 61.8% ($0.116) zones.
A breakout above $0.118 would push toward the 78.6% Fibonacci extension at $0.122.
Failure to hold $0.108 may send price back to the 23.6% retracement at $0.105.
RSI:
RSI is at 56, suggesting neutral-to-bullish momentum. Not yet overbought, leaving room for further upside if buying volume increases.
Entry Zones:
Safer Entry: Around $0.109–$0.110 support zone.
Aggressive Entry: On breakout confirmation above $0.118 resistance.
Take-Profit Zones:
TP1: $0.122
TP2: $0.128
Stop-Loss Ideas:
Conservative: Below $0.108 support.
Tight: At $0.110 to minimize downside exposure.
Summary: $TRX is consolidating within a bullish structure. A decisive break above $0.118 could spark momentum toward $0.122–$0.128, while holding above $0.108 is critical for bulls to maintain control.
