Is $TRX preparing for a new breakout or will we witness a sudden correction? Here is the analysis and smart strategy!
Technical Analysis – #TRX/USDT
Current Price: 0.2706 USDT
Daily Increase Rate: +0.93%
Time Frame: 12 hours
Technical Notes:
Bounced from support 0.2618 after correction from the peak 0.2821
The price is currently trading between the short moving averages MA(5) and MA(10), indicating market indecision.
RSI = 50.92 → in a neutral area waiting for either bullish or bearish momentum.
MACD is still negative but shows a slowdown in the bearish momentum.
Important Areas:
Strong support: 0.2618
Current resistance: 0.2730 – 0.2772
Breaking above 0.2772 could open the way towards 0.2840.
Proposed Trading Strategy:
🔸 Entry: After breaking 0.2772 with good volume.
🔸 Stop Loss: Below 0.2610.
🔸 First Target: 0.2840.
🔸 Second Target: 0.2940.
Advice for Traders:
Do not rush into entering until the breakout is confirmed, and work with strict capital management.
Question for the Audience:
Do you think TRX is ready for a strong comeback, or is it just a temporary corrective move?
Share your opinion in the comments 👇