$TRX /USDT Trading Signals Key Levels in Focus
Current Price: $0.2447 #TRX is showing signs of consolidation after a 2.12% decline, holding near a critical support zone.
Key Levels to Watch:
Support: $0.2429 (immediate), $0.2400 (key for further downside prevention).
Resistance: $0.2480 (short-term), $0.2524 (major level for bullish momentum).
Trading Strategy:
For Bulls: Enter near $0.2430, targeting $0.2480 and $0.2524. Use a stop-loss below $0.2400.
For Bears: Short at $0.2480 resistance if rejected, aiming for $0.2430 and $0.2400. Set a stop-loss above $0.2500.
Market Insights:
The RSI at 34.23 signals oversold conditions, suggesting a potential recovery. Volume remains low, so watch for a breakout confirmation at $0.2480 for directional clarity.