$TRX /USDT Trading Signals Key Levels to Watch
Current Price: $0.2447#TRXis showing signs of consolidation after a 2.12% drop, holding close to a critical support zone.
TRX: 0.245 -2.07%
Key Levels to Watch:
Support: $0.2429 (immediate), $0.2400 (key to prevent further declines).
Resistance: $0.2480 (short-term), $0.2524 (important level for bullish momentum).
Trading Strategy:
For Bulls: Enter near $0.2430, target $0.2480 and $0.2524. Use a stop-loss below $0.2400.
For Bears: Sell at $0.2480 resistance if rejected, target $0.2430 and $0.2400. Set a stop-loss above $0.2500.
Market Insights:
The RSI at 34.23 signals oversold conditions, suggesting a possible recovery. Volume remains low, so watch for a confirmed breakout at $0.2480 for directional clarity.
Final Thoughts:
Do your own research on the market before making any purchases, it is a very volatile and unpredictable market