Technical Analysis for $TRX
📊 Overview
• Current Price: $0.2598 (+5.10%)
• Market Sentiment: Bullish momentum with significant inflows.
• RSI:
• Short-term (6): 68.48 (approaching overbought).
• Long-term (24): 53.63 (neutral).
📈 Bullish Targets (#Buy)
1. $0.2650 💹 (#Breakout from Resistance)
2. $0.2720 🚀 (#Momentum-driven)
3. $0.2850 💥 (#Major Volume Surge Zone)
4. $0.2950 📈 (#Psychological Barrier)
5. $0.3050 🟢 (#Extension High)
📉 Bearish Targets (#Sell)
1. $0.2540 🔻 (#Support Retest)
2. $0.2475 🚨 (#MA Confluence Zone)
3. $0.2350 ⚠️ (#Breakdown Risk)
4. $0.2250 🔴 (#Strong Support Zone)
5. $0.2160 📉 (#Volume Drop Zone)
📝 Key Observations
1. Money Flow Analysis:
• Large Buy Orders: 493.48M TRX.
• Positive inflow of $205.57M indicating bullish strength.
2. Volume/Momentum:
• 24H Volume: $1.05B, sustaining higher activity levels.
• Volume/Market Cap: 4.89% (moderate liquidity).
3. RSI Analysis:
• Close to overbought on the shorter time frame but neutral on the longer.
• Caution for consolidation or minor correction.
💡 Strategy
• Focus on $0.2650 breakout for continuation to $0.2720 and higher.
• Maintain stop-loss below $0.2475 for bullish trades.
• Watch for RSI divergence or volume weakening for bearish confirmation.
