$TRX /USDT Technical Analysis and Trade Signal🚀🚀🚀🚀🎯🎯
Current Price: $0.2887
24h Change: +2.92%
SAR Level: 0.2972 (indicating potential trend reversal)
Key Levels:
Support Level: $0.2791 (24h Low)
Resistance Level: $0.3047 (24h High)
Trade Momentum:
Momentum Indicator: The price is showing a positive trend (+2.92%) in the last 24 hours, suggesting bullish momentum.
Volume: High trading volume (1.47B TRX), indicating active participation and strong momentum in the market.
Target Levels 🎯:
1. Target 1: $0.2950 - This is an immediate resistance level, close to the SAR indicator (0.2972), where a short-term price reversal could occur.
2. Target 2: $0.3000 - A psychological level that could act as another resistance area, with strong potential for further price action.
3. Target 3: $0.3100 - This is a key resistance zone above the recent high ($0.3047), where price could face more significant selling pressure.
Trade Signal:
Entry: Enter at current price levels around $0.2887, as the market is showing bullish momentum.
Stop-Loss: Set stop-loss near $0.2791 (24h low) to protect against downward movements.
Take-Profit: Target first at $0.2950, second at $0.3000, and third at $0.3100 for a steady profit-taking strategy.
Risk-to-Reward Ratio: Excellent, with a tight stop-loss and multiple profit targets.
Conclusion:
Given the current bullish trend, it's a good opportunity to go long on TRX/USDT. Watch the price as it approaches the resistance levels at $0.2950 and $0.3000. Maintain a disciplined risk management approach to lock in profits as the price progresses toward higher targets.