$TRX has been consistently rising up for many many days now. Shows strong support. the current situation indicates continuation of ta trand.
Short-term view — Bullish bias (70% bullish)
Buy zones (short 1h–1d)
• Safe: 0.350–0.355 (retest of short EMA / intraday support).
• Moderately safe: 0.338–0.345 (recent consolidation lows / good R:R).
• Risky: 0.365–0.372 (momentum continuation entry — scale in, don’t full-size).
Sell targets (short 1h–1d)
• Safe TP: 0.375–0.385 (first clear supply / intraday resistance).
• Moderate TP: 0.410–0.440 (next swing resistance cluster).
• Aggressive TP: 0.48–0.55 (only with sustained volume & momentum).
Stop-losses
• Tight: 0.338 (just below recent micro low).
• Flexible: 0.320–0.310 (below daily structural support).
Those who wanna read the explanation — continue below.
Quick analysis / reasoning (short-term)
Price ~0.3633 after a clean run higher — short EMAs are above mid/long EMAs on intraday, showing bullish alignment.
Volume: noticeable pickup on the push — real participation confirming the move (volume bars rising).
RSI: ~60–67 intraday — bullish but not extreme; room to run but watch for short-term overbought spikes.
MACD: slightly positive / histogram supportive of buyers on 1h.
EMAs / structure: price riding the short EMA with clear higher highs / higher lows on 1h–4h.
S/R levels: immediate support cluster 0.350–0.355, stronger support 0.338–0.320; resistance near 0.375–0.385 then 0.41+.
Orderbook / depth: bids show meaningful depth near current price (slightly heavier on bids in screenshot) — that helps execution but watch large asks above resistance that can cause choppy moves.
Plan: scale in (50/30/20). Prefer buying into the safe zone or on a retest of breakout with falling volume on pullback and rising volume on continuation. Use tight stops intraday; trail into winners. Avoid full-size buys at the top without volume follow-through.
DYOR and Inshaallah we will make good profits.
