Trx reach $1?
According to technical analysis;
TRX has surged significantly, trading at $0.3844, but a pullback is likely due to overbought conditions on the daily chart and visible profit-taking. Here's a detailed analysis:
Technical Overview:
1. Resistance Levels: $0.45 (recent high) and $0.50 (psychological level).
2. Support Levels: $0.35 (immediate), $0.30 (key), and $0.28 (strong support).
3. Indicators: RSI is overbought, suggesting a possible correction or consolidation. The volume spike supports bullish momentum but warns of volatility.
Next Move:
If TRX consolidates above $0.35, it can target $0.45 again.
A correction to $0.30-$0.28 would provide a stronger base for another rally.
DCA Levels:
$0.35, $0.30, $0.28 for safe entries.
Use stop-losses around $0.25 to manage risk. Let me know if you'd like deeper analysis on any timeframes!
- Remember we buy Trx in 2 month ago when his price around $0.1523 you Hold or not๐ค.
- See now ๐$TRX ๐
