#BullishMindset #BullishAltcoins 6297737577$TRX 📈 Technical analysis on TRON (TRX)

Since closing above $0.116, TRON (TRX) is once again showing bullish momentum (rising troughs and highs) beyond the bullish trendline. On the other hand, the price could block at the level of the bearish moving averages (EMA13/MA30).

Despite bearish moving averages, I will still try the upside scenario by buying at $0.116. I think if BTC holds the $66,000 level, TRX has room to move higher. I am targeting a return to the shorts reload zone (0.618-0.786 Fibonacci retracement) located between $0.130 and $0.136. I will take significant profits in this area, and also in the event of a return to the level of the last high at $0.144. The invalidation of this plan is below the last low at $0.11.

The Stochastic Momentum Indicator is bullish, so buyers have the advantage on momentum at the moment.

Tell me in the comments if you would like to know the definitions of the indicators used in this technical analysis.

⚠️NFA & DYOR