$TRX
/USDT Technical Analysis and Trade Signals
Current Price: $0.2628
Momentum: Bullish
Key Levels:
1. Support Levels:
$0.2400 (strong support)
$0.2084 (24h low, critical support)
2. Resistance Levels:
$0.2750 (immediate resistance)
$0.2950 (24h high, major resistance)
Trade Signals:
Moving Averages: Bullish crossover on 4H timeframe (50-MA > 200-MA).
RSI: ~68, nearing overbought zone but still has upward potential.
MACD: Positive crossover with expanding histogram, indicating strong momentum.
Targets šÆ:
1. Target 1: $0.2750 (short-term)
2. Target 2: $0.2900 (mid-term, aggressive traders)
3. Target 3: $0.3100 (long-term, breakout potential)
Trade Momentum:
Entry Zone: $0.2580ā$0.2650 (on minor dips for better R:R ratio)
Stop Loss: $0.2400 (below major support)
Risk-to-Reward Ratio: ~1:2.5
Caution:
Monitor BTC/USDT for broader market movements.
Tighten stop loss if price approaches resistance levels with low volume.
Would you like a chart or detailed explanation of indicators?
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