$TRX Tight Coil, Big Break Incoming! Will Bulls Push Through or Fizzle Out?
$TRX is trading at $0.2726, showing mild intraday strength at +0.37%, but now stuck in a very tight consolidation. The 15M chart hints at an imminent breakout—or breakdown—as price compresses under short-term resistance.
Key Levels to Watch:
• Resistance Zone: $0.2735
• Breakout Target: $0.2760
• Support Zone: $0.2710 – Below this, weakness accelerates.
Trade Setup – 15M Coil Strategy
Bullish Scenario (Breakout Play):
• Entry: Above $0.2735
• Target 1: $0.2755
• Target 2: $0.2780
• Stop Loss: $0.2710
Bearish Scenario (Breakdown Play):
• Entry: Below $0.2710
• Target 1: $0.2680
• Target 2: $0.2655
• Stop Loss: $0.2735
Volume is moderate, but price is compressing fast—this usually precedes a volatile move. Wait for confirmation before entering. Breakout traders should keep alerts ready.