$TRX /USDT – BULLISH BOUNCE IN PLAY AFTER STRONG REJECTION FROM SUPPORT!
Current Price: $0.2387
TRX/USDT showed a clear rejection from the $0.2367 support zone, indicating strong buyer interest. The quick recovery and bullish engulfing candle on the 30-minute chart suggest a short-term uptrend is taking shape.
Key Levels:
Resistance: $0.2420
Support: $0.2365
Current Price: $0.2387
Trade Setup – LONG Entry:
Entry Zone: $0.2381 – $0.2387
Target 1: $0.2405
Target 2: $0.2420
Final Target: $0.2448
Stop Loss: $0.2365
Market Outlook:
With strong rejection wicks at support and bullish momentum returning, the market sentiment favors a move toward the upper resistance. As long as price holds above $0.2365, bulls remain in control for this leg up.
Risk Management Tip:
Stick to the stop loss, avoid over-leveraging. Target a minimum 1:2 risk-reward for safe execution.
Trade smart, manage risk, and let the trend do the work!
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