$TRX Trading Signal (30M Chart Analysis)
TRX/USDT is currently trading at 0.23130, showing a +1.42% gain in the last 24 hours. After a strong recovery from 0.22070, price has recently retraced from the 0.23681 high.
Technical Setup:
Price is hovering around the MA(7) and MA(99) zone, hinting at a possible consolidation before breakout.
Short-term momentum has cooled off, but strong volume suggests traders are still engaged.
RSI is not overbought, leaving room for either direction.
Trade Ideas:
Long Entry: Above 0.23350, targeting 0.23680 with SL at 0.23000.
Short Entry: Below 0.22900, targeting 0.22500 with SL at 0.23200.