technical analysis and trade signal for $TRX /USDT:
Technical Analysis š:
Current Price: 0.2547 USDT
24h High: 0.2576 USDT
24h Low: 0.2513 USDT
Trend: TRX/USDT has been showing positive momentum with a 0.47% increase in the last 24 hours. We are seeing a price hovering around 0.2547 USDT, with strong resistance at 0.2576 and support at 0.2513. The overall momentum remains bullish, especially after breaking above 0.2520.
Key Levels šÆ:
1. First Target (T1): 0.2576 USDT (Previous High) - If the price pushes past this level, it could continue its upward trend.
2. Second Target (T2): 0.2610 USDT - A potential resistance point, but a good level to take profits if the momentum holds.
3. Third Target (T3): 0.2650 USDT - A strong resistance zone based on past price action.
Trade Momentum š„:
The price has been fluctuating within a small range, but the recent price action suggests upward momentum. With a positive 24h volume of 532.36M TRX and increasing trading activity in USDT (135.30M), TRX may continue to push higher, targeting the resistance levels.
Recommendation:
Entry: Consider buying around the 0.2520ā0.2540 range.
Exit: Aim for 0.2576 (T1), 0.2610 (T2), and 0.2650 (T3).
Stop Loss: Set a stop at 0.2500 to manage risk.
Always stay updated with the market movement and adjust your targets accordingly. š
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