Long Entry Plan (short term) Scenario 1: Safer Reversal Entry (Recommended) Conditions to enter: RSI dips to or below 30, then starts to curl upward (bullish divergence = bonus). MACD histogram shows decreasing red bars, or lines are preparing for a bullish cross. Price starts forming higher lows and breaks above $598–$600 with volume.
Entry: After a clean break and retest of $598–$600 Stop-loss: Below recent swing low or $589.5 Targets: TP1: $602 TP2: $606–$608 TP3 (stretch target): $615
Scenario 2: Aggressive Dip Buy (High Risk, High Reward) Conditions to enter: Price wicks down to the $592–$590 support zone and forms a bullish reversal candle (hammer or engulfing).
Entry: As close to $592 as possible with clear bounce Stop-loss: Below $588.5 Targets: TP1: $598 TP2: $602 TP3: $606
Risk Management Tips Risk no more than 1–2% of your capital. Consider scaling in with small size on dip, then add confirmation on breakout above $600
$TRX Price is trying to bounce off the 0.2425 support again. Still below the EMAs, so momentum is bearish overall, but there's a short-term higher low trying to form. MACD is curling up — potential for bullish crossover soon. RSI bounced from oversold (~30), now pushing upward — a small relief move may be in play.
Entry Analysis If you're looking to enter now (~0.2427), here’s the adjusted approach: Entry Zone: 0.2425–0.2430 Stop-Loss: 0.2415 (tight, just below recent low) Target 1: 0.2445 Target 2: 0.2460 (only if price flips above EMAs with strong volume)
What to Watch for After Entry Signs of Weakness (exit early if): Price closes below 0.2422 with volume. MACD turns back down and histogram goes red again. RSI rejects near 50 and turns down fast. Signs of Strength (consider holding longer): Price breaks and holds above 0.2435–0.2440 EMAs start to cross upward. RSI climbs toward 60+ and MACD confirms crossover.