The $TRX /USDT pair on the 15-minute chart is currently trading at 0.1782, showing a 5.95% increase over the past 24 hours.
The recent high of 0.1922 serves as a significant resistance level, while support is located around 0.1644, offering a key fallback if the price pulls back further.
Traders might consider entering around the current price of 0.1780 to leverage any additional upward momentum.
Closely spaced take-profit targets are suggested at TP1: 0.1800, TP2: 0.1820, and TP3: 0.1840, allowing for gradual gains while minimizing risk exposure in a volatile market.
A stop loss at 0.1700 is recommended to manage downside risk, strategically placed below the support level to protect against potential drops.
This setup aims to capitalize on incremental price movements while maintaining a balanced risk approach.
