$TRX / USDT
– Long Trade Setup
Current Price: $0.3270
Timeframe: 1H
Support Levels:
Immediate Support: $0.3120
Secondary Support: $0.3160
Resistance Levels:
Initial Resistance: $0.3285
Next Resistance: $0.3320
Higher Resistance: $0.3400
Trade Targets:
TP1: $0.3250
TP2: $0.3320
TP3: $0.3400
Stop Loss: Below $0.3110
Trade Rationale:
This setup seeks to capitalize on a potential breakout above the key resistance at $0.3285. A stop loss below $0.3110 ensures disciplined risk management in the event of a downside move. Take-profit levels are strategically placed at $0.3250, $0.3320, and $0.3400 to lock in gains progressively as bullish momentum builds.
Key Focus:
Watch for volume confirmation and price action around resistance zones to validate the breakout.