TRON (TRX) Technical Analysis and Scalping Opportunity
TRON #Trxusdt currently trades at $0.12998, hovering near a crucial resistance level at $0.13056. On the 15-minute chart, TRX has consistently respected the 200-period SMA, indicating a strong bullish trend. The price action shows multiple successful retests of the $0.1295 support level, reinforcing its validity. $TRX
The 4-hour chart further supports this bullish sentiment, with TRX maintaining its position above the 200-period SMA. An ascending channel pattern is evident, suggesting sustained upward momentum. Key support lies between $0.11 and $0.115, providing a solid foundation for potential pullbacks.
High trading volume and bullish MACD signals across multiple timeframes indicate strong buying interest. This setup offers a lucrative short-term trading opportunity. The combination of robust support, upward momentum, and favorable technical indicators makes TRX an attractive option for scalpers seeking to maximize returns in a short timeframe.
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