TRON(TRX)/USDT Trading siginal.
1. Key Resistance Levels:
$0.1040 (top yellow line)
$0.1173 (middle yellow line)
$0.0830 (bottom yellow line)
2. Support Levels:
$0.0496 (thick black line)
$0.0290 (thin blue line at the bottom)
3. Volume Profile on the right-hand side, showing areas of higher trading activity.
4. Momentum Indicator at the bottom appears to be the Stochastic RSI, indicating current market momentum.
Analysis:
Current Price Action: The price is nearing the resistance level at $0.0830. It seems to have bounced off a strong support zone near $0.0496, suggesting bullish momentum.
Volume is increasing, supporting a potential upward move.
Stochastic RSI is crossing over from oversold territory, signaling a potential bullish run.
Trading Signal:
Bullish Scenario đą: If the price breaks above $0.0830 with strong volume, there's potential for a rally toward the next resistance at $0.1173.
Target: $0.1173 đ
Stop Loss: Below $0.0830 â
Bearish Scenario đŽ: If the price fails to break resistance and falls below the support at $0.0496, a downward move may follow.
Target: $0.0496 đ
Stop Loss: Above $0.0830 â
Be cautious and manage risk properly!
