🚨 $TRX /USDT ALERT: Momentum Building for the Next Big Move! 🚨
The TRX/USDT pair has displayed impressive upward momentum, surging by 79.29% in the last 24 hours. After reaching a high of 0.4500, the price is currently consolidating near 0.4077, suggesting potential for either a continuation or a retracement.
Trade Setup on the 15-Minute Chart:
Current Price: 0.4077
Entry Price: Around 0.4050 (ideal for both breakout or retracement setups)
Key Levels to Watch:
Resistance:
Immediate: 0.4500
Higher: 0.4800
Support:
First: 0.3790
Critical: 0.3500
Take-Profit Targets:
1. 0.4300
2. 0.4500
3. 0.4700
Stop Loss:
0.3750 (below critical support)
Cautionary Note:
TRX has shown high volatility, with significant volume driving the recent rally. A breakout above 0.4500 could signal further gains, while failure to hold above 0.3790 may result in a pullback toward 0.3500. Traders should manage risks wisely and watch for confirmation of stability before entering large positions.
