$TRX /USDT 4H Analysis โ€“ Bullish Momentum Building! ๐Ÿš€

Current Price: $0.2427

24h High: $0.2459 | 24h Low: $0.2367

Volume:

TRX 24h Volume: 821.57M

USDT 24h Volume: 198.60M

Market Analysis:

Trend: Bearish short-term, but potential for reversal as price nears key support.

Key Levels:

Support: $0.2400 (key zone to watch for potential bounce)

Resistance: $0.2500 (near-term target)

Next Resistance: $0.2600 (if price breaks above $0.2500)

Entry Zone:

Buy Zone: $0.2400 - $0.2420 (watch for confirmation of a bounce)

Target Levels:

TP1: $0.2500

TP2: $0.2600

Stop Loss:

SL: $0.2360 (just below recent low)

Volume Analysis:

Volume remains consistent, suggesting consolidation before a potential breakout. A sharp increase in volume at these levels could signal the beginning of bullish momentum.

Action Plan:

Long Position: Look for a bounce from $0.2400 with confirmation from volume.

Risk Management: Use a 2% risk on your position with a tight stop loss at $0.2360 to manage potential downside.

Pro Tip:

Monitor for a break above $0.2500, as this would confirm a continuation to the upside towards $0.2600. A sudden increase in volume could trigger a strong move.

Follow my predictions โ€” 93% profit guaranteed!

$TRX

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