#TRX
TRX coin's current price is $0.2729, with a 0.16% increase in the last 24 hours.
*Key Stats:*
- *Current Price:* $0.2729
- *Market Cap:* $25.89 billion
- *24h Trading Volume:* $853.51 million
- *Circulating Supply:* 94.87 billion TRX tokens
- *Total Supply:* 94.87 billion TRX tokens
*Technical Analysis:*
- *Trend:* TRX is showing a bullish continuation structure within an ascending channel, following a breakout from a falling wedge pattern.
- *Support and Resistance Levels:* Key levels to watch include resistance at $0.298-$0.332 and support at $0.24-$0.26.
- *Indicators:* Oscillators are neutral, while moving averages indicate a buy signal.
- *Price Action:* TRX has been consolidating in a tight range, showing signs of strength in a weak market ¹ ².
*Trading Single Stop Loss:*
To set up a stop loss, consider the following:
- *Risk Tolerance:* Determine your risk percentage (e.g., 5%).
- *Stop Loss Price:* Calculate the stop loss price based on the current price and risk . For example, if the current price is $0.2729 and your risk is 5%, your stop loss price would be $0.2729 x 0.95 = $0.2593.