šØ $TRX /USDT ā Watch for Breakout or Breakdown!
$TRX is currently trading at $0.2712, consolidating in a tight range after multiple rejection wicks around the $0.2738 zone. The price is compressing, hinting at an imminent move in either direction.
š Trade Setup ā Key Levels in Focus:
Bullish Scenario: A confirmed breakout above $0.2740 with strong volume could propel TRX toward $0.2820, then $0.2900.
Bearish Scenario: A drop below $0.2685 may lead to a slide toward $0.2600 and $0.2520.
š Risk Management:
For Longs: Entry above $0.2740, SL at $0.2680
For Shorts: Entry below $0.2685, SL at $0.2745
Consider scaling out at 1st target zones to manage risk.
š§ Pro Tip:
Volume will be key here ā avoid fakeouts by waiting for strong confirmation candles with increasing buy/sell volume. The 4H squeeze pattern suggests high probability of breakout momentum.
{setup}(TRXUSDT)
