$TRX /USDT ALERT: Consolidation near the support zone.... $TRX is trading at a price of $0.2535, showing a slight decrease of 1.36% over the last 24 hours. It recently tested the support level around $0.2507 and is trying to stabilize.
TRUMPUSDT
Perp
0.2447
+1.36%
Key levels to watch:
Resistance: $0.2580 – A breakout above this level could push TRX to $0.2650 and $0.2700.
Support: $0.2500 – Maintaining this level is crucial to avoid a deeper pullback.
Trade setup:
Long position: above $0.2555, target $0.2600 and $0.2650. Stop-loss at $0.2520.
Short position: below $0.2500, target $0.2450 and $0.2400. Stop-loss at $0.2530.
Market analysis:
MACD shows signs of bearish momentum, while RSI around 40 suggests a potential rebound if buyers enter the market. Keep a close eye on potential volatility.
