๐ $TRX Market Analysis โ 1H Chart
Current Price: $0.2729 (+0.85%)
24H Range: $0.2679 โ $0.2730
โ Trend Reversal in Play:
TRX bounced strongly from $0.2679 with a clear bullish breakout above all key moving averages (MA7, MA25, MA99), indicating a trend reversal.
๐ Moving Averages:
MA(7): $0.2709 (now acting as short-term support)
MA(25): $0.2704
MA(99): $0.2689
Current price is above all MAs โ this is bullish.
๐ Volume Increasing:
Volume is picking up significantly โ confirming strength in the breakout.
๐ Momentum Strength:
Price movement suggests it's approaching overbought territory.
Long green candles show strong buyer confidence.
๐ง Conclusion:
Trend: Bullish Reversal
Support: $0.2700
Resistance: $0.2733 (24h high)
Breakout Confirmation: If TRX holds above $0.2730, it could run toward $0.2780โ$0.2800
Risk: Short pullback possible if price fails to hold above $0.2710
๐ Strategy Tip:
Entry on Retest: $0.2700โ$0.2710 (if volume holds)
Stop Loss: Below $0.2675
Target (Short-Term): $0.2780+