$TRX /USDT Bulls Hold $0.2720 – Eyes on Continuation After Breakout Structure🔐👇
Market Outlook 📊
$TRX is currently trading around $0.2720, holding above key EMA levels on both the 1H and 1D charts. After a bullish BOS formation last week, price is now consolidating just under the immediate supply zone at $0.2780, hinting at a potential breakout setup.
1H Chart View:📊
Price has reclaimed all EMAs and is forming higher lows after a CHoCH.
Current resistance sits at $0.2780, acting as a short-term ceiling.
Stochastic RSI: Hovering near 64–66, indicating slight upward momentum with space to run.
1D Chart View:📊
TRX has shown consistent higher closes above 9EMA and 21EMA.
The uptrend remains valid as long as the price stays above $0.2617.
Recent candle wicks near $0.2790 show signs of absorption, suggesting buyers are still active.
Trade Strategy (Buy Setup):💥
Entry Zone 1: $0.2700–$0.2710 (EMA support)✅
Entry Zone 2: Confirmed breakout above $0.2785✅
Target 1: $0.2850🎯
Target 2: $0.2980🎯
Stop Loss: Below $0.2670☣️
Risk-to-Reward: 1:2+ if breakout confirms with volume
Price Levels to Watch:🧑💻
Support: $0.2617 / $0.2519 / $0.2445
Resistance: $0.2780 / $0.2850 / $0.2980
Conclusion:🧑🏫
$TRX is in a healthy uptrend on higher timeframes, with short-term consolidation likely preparing for another push upward. Watch for breakout confirmation or ideal dip entries to ride the next wave.
Disclaimer:⚠️
This analysis is for educational purposes only. Always do your own research and manage your risks carefully while trading cryptocurrencies.