1. Review of yesterday's trend
According to the 4-hour K-line chart, TRX fluctuated upwards yesterday, reaching a low of 0.21659 and then continued to rebound. The current price is around 0.25029. Combined with the chart data, the price broke through the short-term moving average pressure, the bulls performed relatively strongly, and the market sentiment warmed up.
2. Technical indicator analysis
MA7 (short-term moving average): The current price has stood above MA7 (0.24277), and the short-term trend is strong.
MA30 (medium-term moving average): MA30 (0.24244) was broken, and the price stabilized above it, further confirming the bullish trend.
MA100 (long-term moving average): MA100 (0.24227) was also broken, but the overall suppression strength weakened.
Bollinger Bands (BOLL): The current price has broken through the middle track of the Bollinger Bands and is approaching the upper track 0.260 area, indicating that the price may further break upward in the short term.
MACD indicator: The fast and slow lines form a golden cross below the zero axis, and the red column gradually increases in volume, indicating that the market's bullish power has increased and the short-term upward momentum is strong.
RSI indicator: The RSI is currently around 60, indicating that market sentiment is biased towards the bulls but has not yet entered the overbought range.
3. Today's trend forecast
From a technical analysis, TRX tends to fluctuate upward in the short term. If it can stand firm in the 0.245-0.250 range, the price is expected to further test the 0.260 pressure level. However, it should be noted that the upper resistance is gradually increasing, and bulls may encounter selling pressure at high levels.
4. Today’s operation suggestions
Direction: Duo
Opening position: 0.250-0.253
First stop profit position: 0.260 (important pressure point in the near future)
Second stop profit level: 0.270
Stop loss: 0.240
5. Risk Warning
Downside Risk: If bullish momentum weakens, prices may pull back to around 0.235 or even 0.230.
Market sentiment: The market has been volatile recently, and we need to be wary of market reversals caused by sudden news.
6. Summary
TRX shows a strong rebound in the short term. If the price can stabilize above 0.245, the short-term target can be seen in the 0.260 and 0.270 areas. In terms of operation, it is recommended to mainly arrange long orders on dips, and strictly set stop losses to control position risks.
