$TRX
TRX/USDT 4H analysis:
๐ TRX/USDT โ 4H Chart Analysis
Current Price: ~$0.2476
๐น Support Levels:
$0.2435 โ Immediate support
$0.2360 โ Next key support
$0.2200 โ Stronger support zone from previous consolidation
๐น Resistance Levels:
$0.2533 โ Immediate resistance; breakout could trigger upside move
$0.2614 โ Key resistance zone
$0.2735 โ Major resistance/target if bullish momentum continues
๐ Technical Indicators:
MA(7): $0.2473
MA(25): $0.2512
MA(99): $0.2406
RSI: ~50.19 โ Neutral zone
MACD: Histogram showing slight bullish divergence
๐ฎ Outlook:
TRX is consolidating just below the $0.2533 resistance. A breakout with volume could push price toward $0.2614 and $0.2735. However, failure to break resistance may trigger a retracement to support at $0.2435 or lower.
โ Trading Strategy:
Bullish Scenario:
Entry: Break and retest above $0.2533
Targets: $0.2614 and $0.2735
Stop Loss: Below $0.2435
Bearish Scenario:
Entry: Rejection at $0.2533 with bearish confirmation
Targets: $0.2360 and $0.2200
Stop Loss: Above $0.2533
Follow for more clean and timely crypto analysis!