hello

$TRX

/USDT Technical Analysis and Trade Strategy 🚀 🎯

Current Price: $0.3226

24h High: $0.3356

24h Low: $0.3087

Support Levels:

First Support: $0.3087 (near 24h low)

Second Support: $0.3166 (recent depth data shows support in this range)

Resistance Levels:

First Resistance: $0.3356 (24h high)

Second Resistance: Around $0.3270 (next resistance based on recent price action)

Indicators:

Bollinger Bands: TRX/USDT is currently closer to the lower band, indicating potential oversold conditions and possible reversal.

MACD: The MACD histogram may show weak bullish momentum but needs to break above the signal line to confirm.

Trade Strategy

1. Bearish Scenario (Short Position):

If the price breaks below $0.3087 (24h low), consider entering a short position.

Target Key 1 🎯: $0.3000 (psychological level and potential support).

Target Key 2 🎯: $0.2950 (next potential support level).

Stop Loss: Place a stop loss around $0.3320 (above the resistance zone).

2. Neutral to Bullish Scenario (Long Position):

If the price consolidates or reverses from the current levels near $0.3226, consider entering a long position.

Target Key 1 🎯: $0.3270 (next resistance based on recent price action).

Target Key 2 🎯: $0.3356 (24h high).

Stop Loss: Place a stop loss around $0.3166 (below the nearest support zone).

3. Strong Bullish Scenario (Breakout):

If TRX/USDT breaks above $0.3356 and shows a strong bullish confirmation, consider entering a long position.

Target Key 3 🎯: $0.3400–$0.3450 (next resistance and psychological level).

Stop Loss: Place a stop loss around $0.3250 (near the breakout point).

Summary

Short Entry: Below $0.3087, with targets at $0.3000 and $0.2950.

Long Entry: Above $0.3226 or on consolidation near support, with targets at $0.3270 and $0.3356.

Breakout Strategy: Above $0.3356, targeting $0.3400–$0.3450.
#2024withBinance