$TRX š„ STRONG MOMENTUM š„
š Token: TRX (TRON)
Current Price: $0.3391 USDT
24h Volume: $108.10 million USDT
Market Sentiment: Stable with mild bullish bias
Use Case: Decentralized content and smart contract platform
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š Fibonacci Retracement Setup
We assume a recent swing low of $0.3100 and swing high of $0.3550, forming the basis of Fibonacci levels.
Fibonacci Level Price (USDT)
23.6% $0.3441
38.2% $0.3367
50.0% $0.3325
61.8% $0.3283
78.6% $0.3221
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šÆ TRX Fibonacci Trading Strategy
šø Strategy A: Dip Buy Zone (Pullback Entry)
ā Entry Range:
Between $0.3367 ā $0.3283 (38.2%ā61.8% Fibonacci zone)
š Entry Confirmation:
Bullish reversal candlestick on 1H or 4H chart
RSI rebounds from 40+
Volume uptick on support zone
šÆ Targets:
T1: $0.3441 (23.6% level)
T2: $0.3550 (Swing High)
T3: $0.3670 (Fibonacci extension 1.272)
T4: $0.3785 (Fibonacci extension 1.618)
š Stop Loss:
Below $0.3221 (78.6% Fib)
Or risk limit of 2ā3% from entry
Market Notes
ā Strengths:
TRX has strong liquidity and consistent volume
Often less volatile, ideal for structured Fibonacci trades
Active DeFi and stablecoin ecosystem
ā ļø Watch Out:
Prone to news-based volatility (founder/Justin Sun updates)
Overbought RSI or BTC corrections could affect performance
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š Summary
> š Buy dips around $0.3367ā$0.3283
š Watch breakout above $0.3550
šÆ Targets up to $0.3920 using Fibonacci extensions
š”ļø Protect with tight stops and good capital control
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