đ TRON (TRX) at Breakout Point: Bullish Reversal or Pullback?
TRX/USDT is showing promising signs of a rounding bottom breakout, currently trading near 0.2669 with a modest upward move of +0.64%. Letâs break down what this means for TRX and what could come next.
đ Key Resistance Zones
TRX is approaching some critical levels:
0.2672 â Long-term target (currently being tested) đ„
0.3026 â 0.3206 â Next bullish targets đ
0.3556 â 0.4477 â High-level resistance for future gains đ
0.1808 â Mid-term target & previous breakout point â
0.1438 â Historical resistance to watch
đĄïž Support Zones to Watch
If momentum slows down or price rejects resistance:
0.1808 â Key mid-term support đ
0.0981 â Major support zone đ§±
$0.10 â $0.12 â Alternative demand area đ
đ Bullish Rounding Bottom Pattern
TRX has formed a classic rounding bottom, a strong bullish reversal signal!
Neckline: 0.1808
Breakout above neckline confirms strength
Currently retesting long-term resistance at 0.2672
đź Possible Scenarios for TRX
â Bullish Breakout
If TRX breaks and holds above 0.2672, expect a move toward:
0.3026 â 0.3206 â 0.3556 and beyond
High trading volume at breakout would confirm trend strength
âžïž Consolidation Near Resistance
Price might hover around 0.2672 before a breakout or rejection
Accumulation zone for swing traders
đ Rejection & Pullback
Failure to hold above 0.2672 could lead to a pullback to:
0.1808 (major mid-term support)
Holding 0.1808 would keep the bullish setup intact
â ïž Deeper Correction
If 0.1808 fails, next stop could be:
0.0981 or the $0.10â$0.12 zone
đ Other Key Considerations
Market Sentiment â Bullish altcoin environment helps TRX đ
TRON Ecosystem News â Any major update could spark a rally đą
Trading Volume â Crucial for confirming breakouts or breakdowns đ
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