TRX/USDT Short-term Trading Strategy
Current Price: 0.2175 USDT
Period: 1 Day
Trading Strategy
Buy Low Strategy (Long)
Entry Price: 0.2100 - 0.2140 USDT
Take Profit Price: 0.2220 - 0.2250 USDT
Stop Loss Price: 0.2080 USDT
Position: 15% of Funds
Trading Type: Spot or Contract
Leverage: 3x
Sell High Strategy (Short)
Entry Price: 0.2220 - 0.2250 USDT
Take Profit Price: 0.2140 - 0.2100 USDT
Stop Loss Price: 0.2270 USDT
Position: 15% of Funds
Trading Type: Contract
Leverage: 3x
Strategy Logic
Buy Low Strategy (Long)
From the daily and 4-hour charts, TRX/USDT is currently in a bullish trend, with prices above EMA(7) and EMA(25), but the RSI indicates overbought conditions in the short term, suggesting a possible pullback. Support is in the 0.2100 - 0.2140 USDT range; if the price pulls back to this range and stabilizes, while volume remains steady, a long position can be taken, targeting 0.2220 - 0.2250 USDT. If the price drops below 0.2080 USDT, strict stop-loss measures are required.
Sell High Strategy (Short)
The current price is close to the previous high range (0.2220 - 0.2250 USDT), indicating a potential need for a short-term pullback. If the price encounters resistance in this range and the RSI approaches 80, while volume does not continue to increase, a short position can be considered, targeting the support level of 0.2140 - 0.2100 USDT. If the price breaks above 0.2270 USDT, a stop-loss should be implemented.