$TRX

The current price of TRX/USDT is $0.2561. The daily chart shows that after pulling back from the high point of $0.4500, the price has formed a weak oscillation pattern near the moving average system. The short-term MA(7) moving average has slightly turned upwards, but both MA(25) and MA(99) moving averages remain in a bearish arrangement, indicating that the price may continue to consolidate in the short term.

Current support levels are at $0.2500 and $0.2300, while resistance levels are at $0.2760 and $0.3000. If the price effectively breaks through $0.2760, a short-term bullish strategy can be considered, with a target of $0.3000 and a stop loss set below $0.2600. If the price falls below $0.2500, a light short position can be attempted, with a target of $0.2300 and a stop loss set above $0.2600.

Overall, the market sentiment is cautious, and it is recommended to maintain light positions while closely monitoring changes in trading volume and the breakout of key levels.

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