$TRX

Tron coin is taking our attention here with a possible further move to lower zones here.

Now, after the first sell-off wave that followed after the coin made some huge upward move, we see that price slowly recovered from the drop, but weakness is still there and it seems like sellers are yet not finished unloading their bags.

We are looking for price to test and break the 200EMA mark from where on it would be good to start DCA-ing the upward movement that should come after breakdown and liquidity hunting!

#trxshort #TRX/USDT❤️ #Write2Earn! #PENGUOpening #BinanceSquareFamily

$TRX

1. Volume Spike Context

A 150% volume increase is significant, but without buyers stepping in, this can mean:Absorption: Large orders are filling on the sell side, suppressing upward movement.Liquidity Sweep: Price is testing a key zone to trigger liquidity (e.g., stop-losses or limit orders).

2. Blue Box Zones

When price approaches your predefined blue boxes:

Observe how price reacts in those zones on lower timeframes (e.g., 1-minute or 5-minute):Is price consolidating (building a base)?Are there sharp rejections (wicks, tight ranges)?Is price forming higher lows (signs of buyers stepping in)?

3. Upward Breakout Triggers

To evaluate upward breakouts:

Focus on price structure:

A clear break above recent highs on lower timeframes.Watch for a clean candle close above the range to confirm buyers have control.Ensure the breakout is not a fakeout:Price should not immediately drop back into the range after breaking above.Look for a retest of the breakout level that holds as support.

4.Volume Behavior at Blue Boxes

Even without indicators, you can observe volume visually:If large volume candles appear near the blue boxes and price holds → buyers may be absorbing supply.If price starts moving up with minimal retracement → potential for continuation.#trxshort #Write2Earn! #FullMarketBullRun #BTCNewATH

$TRX /USDT is trading at $0.2846, reflecting a -2.37% drop in the last 24 hours. Despite this short-term decline, TRX has shown significant growth, with a 93.08% increase over the past 90 days and 169.34% over the last year. Current price action indicates consolidation with key levels defining opportunities for both long and short positions.
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Key Market Data
24H High: $0.2975
24H Low: $0.2803
Resistance Levels:
Immediate Resistance: $0.2900
Major Resistance: $0.3000
Support Levels:
Immediate Support: $0.2800
Major Support: $0.2700
Trading Volume (24H):
TRX: 703.16M
USDT: $203.22M
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Trading Strategies
1. Long Trade Setup
Entry Zone: $0.2800 - $0.2820 (near immediate support)
Target 1: $0.2900
Target 2: $0.3000
Target 3: $0.3100 (if breakout occurs)
Stop Loss: $0.2750
Reasoning:
The $0.2800 support level has shown significant buying activity, making it a potential zone for a bounce.
A sustained rebound from this level could lead to a test of the $0.2900 resistance and beyond.
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2. Short Trade Setup
Entry Zone: $0.2900 - $0.2920 (near immediate resistance)
Target 1: $0.2850
Target 2: $0.2800
Stop Loss: $0.2950
Reasoning:
TRX has faced multiple rejections near the $0.2900 resistance level.
A short position in this zone capitalizes on potential pullbacks toward the $0.2800 support.
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Predictions
Bullish Case:
1. Breakout Potential: A breakout above $0.2900 could push TRX/USDT toward $0.3000 and $0.3100 in the short term.
2. Extended Rally: Sustaining above $0.3100 may trigger further upside momentum, targeting $0.3250.
Bearish Case:
1. Breakdown Risk: A failure to hold $0.2800 could lead to a drop to $0.2700.
2. Further Correction: A breakdown below $0.2700 might extend losses to $0.2600.
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Conclusion
TRX/USDT is trading within a well-defined range, offering clear entry and exit points for traders. The $0.2800 support and $0.2900 resistance are crucial levels to watch for breakouts or rejections.
Risk Management Tips:
Use strict stop-loss levels to limit potential losses.
Monitor trading volume and candlestick patterns for confirmation before entering trades.
Stay informed and trade responsibly!