$TRX /USDT: The daily downtrend is losing strength as the 4-hour timeframe consolidates. The 1-hour timeframe is now in an upward direction, with the price above both the 50 and 200 moving averages. A breakout above the 1-hour high of 0.280138 is the trigger, confirming a short-term momentum shift. Why now? The 1-hour Relative Strength Index is rising from the midpoint, indicating new buying pressure. This is a high-probability rebound opportunity within the broader range, targeting a move to 0.2810.
Actionable setup now (long)
Entry: market at 0.279782 – 0.280138
TP1: 0.281028
TP2: 0.281384
TP3: 0.282096
SL: 0.278892
