TRX/USDT Analysis
The chart displays the TRX/USDT trading pair on a 15-minute timeframe. The current price is $0.2593, with a 1.56% decrease.
Technical Indicators
- *MA(7)*: $0.2598 (slightly above current price)
- *MA(25)*: $0.2611 (above current price)
- *MA(99)*: $0.2620 (above current price)
- *OBV*: 409,655,433.9000 (decreasing)
- *Volume*: 152,786.2 (relatively high)
Analysis
The chart shows a downtrend, with the price below the MA(7), MA(25), and MA(99). The OBV is decreasing, indicating selling pressure. The volume is relatively high, suggesting increased market activity.
Trading Strategy
Short Position
- Entry: $0.2585 (current support level)
- Take Profit (TP): $0.2610 (next support level)
- Stop Loss (SL): $0.2550 (resistance level)
Long Position (not recommended due to downtrend)
- Entry: $0.2620 (resistance level)
- Take Profit (TP): $0.2650 (next resistance level)
- Stop Loss (SL): $0.2580 (support level)
Prediction
Based on the current downtrend, the price may continue to decrease in the short term. A potential target is $0.2550. However, if the price breaks above $0.2620, it may indicate a trend reversal.
try for best 💪