#TRX/USDT is preparing for a new breakout – Here are the entry points and ideal profit
Technical analysis for TRX/USDT – A professional outlook
Current price: 0.2733 USDT
24-hour change: +3.64%
Highest price: 0.2745
Lowest price: 0.2632
Reading the technical indicators:
Bollinger Bands:
The price is moving above the middle average MB: 0.2608 → Positive signal.
Close to the upper limit: 0.2829 → Indicates strong momentum but may face resistance.
RSI(6): 68.53
Close to overbought, but still below 70 → There is still room for upward movement.
MACD: Slight bullish crossover, momentum is in its early stages.
MA(5) > MA(10): Signal of continued rise in the short term.
Suggested trading strategies:
1. Entry on Pullback:
Ideal entry: at 0.2650 ~ 0.2680 (during correction)
First target: 0.2800 USDT
Second target: 0.2870 USDT
Stop loss: below 0.2580
2. Breakout Entry:
In case of a clear break above 0.2750 with a confirming candle:
Quick entry with stop loss below 0.2700
Targets: 0.2870 then 0.2950
Tips for the smart trader:
Do not enter with the entire liquidity at once.
Watch the trading volume, as it has started to increase gradually.
RSI has not reached full saturation → A good opportunity before the price surge.
