From the chart provided, $TRX /USDT has been in a recovery phase after a sharp drop following its recent peak around the 0.45 level. Currently, the price is stabilizing near 0.2896 with bullish momentum indicated by a 6% rise in the last 24 hours.

Entry Analysis:

1. Long Position: If the price holds above 0.2850, it would indicate a potential continuation of the uptrend. A long position could be initiated above this level.

Target: First target at 0.32 and second target at 0.35.

Stop Loss: Place a stop loss below 0.27 to limit downside risk.

2. Short Position: If the price fails to sustain above 0.2850 and breaks below 0.27, it might indicate further downside momentum.

Target: First target at 0.25 and second target at 0.22.

Stop Loss: Place a stop loss above 0.295 to minimize losses.

Recommendation:

Monitor the price action closely near the 0.2850 level. A breakout or breakdown will confirm the next move. Keep risk-reward in mind and adjust position size accordingly for market volatility.

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