TRX/USDT Short-Term Trading Strategy
Current Price: 0.2010 USDT
Period: 24 hours
Low Buying Strategy (Long Position)
Entry Price Range: 0.1970-0.1985 USDT
Take Profit Price Range: 0.2050-0.2070 USDT
Stop Loss Price: 0.1950 USDT
Position: 30% of funds
Trading Type: Spot or Contract
Leverage: Recommended below 5x for contracts
High Selling Strategy (Short Position)
Entry Price Range: 0.2050-0.2070 USDT
Take Profit Price Range: 0.1970-0.1990 USDT
Stop Loss Price: 0.2085 USDT
Position: 20% of funds
Trading Type: Contract
Leverage: Recommended below 3x
Technical Indicator Interpretation
1. SAR Indicator:
The SAR point on the candlestick chart shows the current trend support level at 0.2024 USDT, indicating a support level for the short-term upward trend.
2. Daily Candlestick Pattern Analysis:
TRX shows relatively stable price fluctuations in the short term, with recent candlesticks oscillating around 0.20 USDT.
3. MACD:
DIF(0.0009) is slightly above DEA(0.0011), but the MACD histogram is almost zero (-0.0002), indicating that market momentum is weak and may enter a consolidation phase.
4. RSI:
RSI(6) is 50.29, indicating that the market is in a balanced state with no obvious overbought or oversold signals.
5. Trading Volume:
Trading volume has decreased compared to previous periods, consistent with the characteristics of a consolidation phase.
Strategy Logic
Low Buying Strategy: Buy near the support level indicated by the SAR indicator (0.1970-0.1985 USDT), targeting 0.2050-0.2070 USDT, with a strict stop loss at 0.1950 USDT.
High Selling Strategy: If the price reaches the recent high point (0.2050-0.2070 USDT), consider opening a short position, targeting a pullback to 0.1970-0.1990 USDT, with a stop loss set at 0.2085 USDT.
Strictly implement stop losses to protect capital safety. $TRX