$TRX (TRX/USDT) Technical Analysis 🔥💯

The $TRX /USDT pair is trading at $0.2522 (-6.38%), experiencing a slight dip after testing the 24-hour high of $0.2716 and currently near its 24-hour low of $0.2510. The price shows a mild bearish bias, with consolidation between support and resistance levels.

Key Levels to Watch

Resistance: $0.2600, $0.2650

Support: $0.2510, $0.2400

Trend: Bearish to neutral with potential for recovery.

Trading Strategy

1. Long Position:

Entry: $0.2510-$0.2550 (on support bounce).

Targets: $0.2600, $0.2650.

Stop-Loss: Below $0.2450.

2. Short Position:

Entry: Below $0.2510 (on breakdown).

Targets: $0.2400, $0.2300.

Stop-Loss: Above $0.2600.

With a bullish trend over the past year, monitoring the $0.2510 support will be crucial to confirm the direction. A breakout above $0.2600 could indicate further upside momentum, while a breakdown could test lower support levels.

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