TRX prices have experienced a strong rise since October 8, and then continued to rebound after a brief correction on October 9. The current price is around 0.16213, showing a relatively strong upward trend. Today's price broke through the previous high (about 0.16218), indicating that the market buying power is still strong, but we need to be wary of the short-term correction pressure.
The short-term moving averages (MA5, MA10) are currently in a long arrangement, and the price stands firmly above all short-term moving averages, which indicates that the market is still in an upward trend and is expected to rise further in the short term. However, it should be noted that the MA30 and MA50 moving averages are relatively close, and the price increase may be suppressed to a certain extent. We need to pay attention to the support level of MA30 and the adjustment possibility of MA10.
Operation suggestions:
First stop profit position: 0.163
Second stop profit position: 0.165
Stop loss position: 0.160
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