$TRX /USDT Technical Analysis and Trade Signal🔥🔥🔥🚀
Current Price: $0.2629 (+1.58%)
Trend: Bullish Momentum
Technical Overview
Support Levels:
Immediate Support: $0.2565 (24h Low)
Major Support: $0.2500
Resistance Levels:
Immediate Resistance: $0.2650
Major Resistance: $0.2700
Indicators:
RSI: 65 (near overbought, but bullish continuation possible)
MACD: Bullish crossover observed, signaling upward momentum.
Moving Averages: Price trading above 50 EMA and 200 EMA, indicating a strong bullish trend.
Trade Signal
Entry Zone: $0.2600–$0.2630
Targets:
🎯 Target 1: $0.2650
🎯 Target 2: $0.2700
🎯 Target 3: $0.2750
Stop Loss: $0.2550
Momentum Analysis
TRX has shown strong bullish momentum with increasing volume (24h Vol $357.73M).
A breakout above $0.2650 may trigger a strong rally toward the upper targets.
Keep an eye on Bitcoin’s movement as TRX often correlates with major market trends.
Risk Management: Always use a stop loss and allocate only a percentage of your portfolio to any single trade.