TRX/USDT Short-term Trading Strategy Analysis and Suggestions
Current Price: 0.2044 USDT
Period: 24 hours
Trading Strategy
Low Buying Strategy (Long Position)
Entry Price: 0.195-0.200 USDT
Take Profit Price: 0.210-0.215 USDT
Stop Loss Price: 0.190 USDT
Position: 20% of capital
Trading Type: Spot or Contract
Leverage: 3x
High Selling Strategy (Short Position)
Entry Price: 0.210-0.215 USDT
Take Profit Price: 0.200-0.205 USDT
Stop Loss Price: 0.220 USDT
Position: 20% of capital
Trading Type: Contract
Leverage: 3x
Technical Indicator Analysis
1. EMA Analysis:
EMA(7) is 0.2016 USDT, the current price is above EMA(7), indicating a short-term bullish trend.
EMA(25) and EMA(99) are 0.1907 USDT and 0.1669 USDT respectively, indicating a long-term upward trend, with a clear bullish trend.
2. MACD Indicator:
DIF is 0.0089, DEA is 0.0093, the histogram is slightly negative (-0.0004), indicating that bullish momentum has weakened, and the market may enter a consolidation phase.
3. RSI Indicator:
RSI(6) is 60.62, in a healthy range, indicating that the market has not yet entered an overbought or oversold state, and there is potential for further upward movement in the short term.
4. Trading Volume:
Overall trading volume is relatively stable, with a slight recent contraction, requiring attention to subsequent trading activity to confirm the trend direction.
Strategy Logic
Low Buying Strategy: Relying on the support of EMA(25) (0.1907 USDT), attempt to enter at a lower level, combining volume to assess momentum changes, with targets set near recent highs.
High Selling Strategy: Positioning short near previous highs (0.2248 USDT), confirming market momentum reduction with MACD and RSI, quickly taking profit to lock in pullback gains.
Strictly execute stop losses, adjust positions in a timely manner, and remain flexible to respond to market changes. $TRX