$TRX
/USDT – Breakout in Progress or Fakeout Incoming?
$TRX continues to ride a strong uptrend after rebounding from the 0.2783 zone, now approaching key highs. The chart structure is bullish with clear higher highs and higher lows, suggesting momentum may continue — unless resistance at 0.3510 halts the move.
📈 Trade Idea: Short-Term Long (Spot or 2x–3x Futures)
Entry Zone: 0.3360 – 0.3390
Stop Loss: 0.3260 (just below recent support)
Take Profit Targets:
• TP1 – 0.3440
• TP2 – 0.3485
• TP3 – 0.3510
• TP4 – 0.3580 (if breakout holds above 0.3510)
📝 Notes:
• A confirmed breakout above 0.3510 could spark further upside.
• Failure to break and hold above that level may signal a false breakout — exit early if needed.
• Move SL to entry after TP1 to reduce risk.
Trend: Bullish (Short-Term)
Risk Level: Moderate
Strategy: Momentum-based with tight management
Current Price: 0.3394 (+2.19%)