$TRX /USDT ALERT: Breakout or Reversal on the Horizon! 🚨
Current Price: $0.2993
$TRX is displaying strong momentum, rebounding from $0.2774 to $0.3082. Currently consolidating, this signals market indecision. A breakout could drive the price higher, while losing key support may trigger a pullback.
Bullish Scenario
A breakout above $0.3010 may lead to the following targets:
Target 1: $0.3100
Target 2: $0.3150
Target 3: $0.3200
Bearish Scenario
Failure to hold $0.2950 could initiate a drop to:
Target 1: $0.2900
Target 2: $0.2850
Trade Setup
Long Entry: Above $0.3010 | Targets: $0.3100, $0.3150 | Stop Loss: $0.2950
Short Entry: Below $0.2950 | Targets: $0.2900, $0.2850 | Stop Loss: $0.3010
The chart hints at a potential bullish continuation, but closely monitor the support level for any signs of a reversal!