If $TRX breaks above $0.45090 with strong volume, the next potential target could be $0.50. If the price fails to maintain above $0.38478, it could retest lower levels around $0.30 for support.
Key Support & Resistance Levels:
Immediate Support: $0.38478
This level aligns with recent consolidation, providing a solid base if the price retraces.
Immediate Resistance: $0.45090
This was the recent 24-hour high, and breaking above this could push prices further up.
Traders can consider entering long positions if the price breaks resistance with volume confirmation. However, a pullback to support could provide a better entry point for risk-averse traders. Always manage risk with stop-loss orders.
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