$TRX TRX/USDT Update 📉

Analyzing the recent movements in the TRX/USDT pair on Binance, here’s a quick breakdown of my current strategy. Based on the chart:

Support and Resistance: Key resistance at 0.13940 USDT and support around 0.13224 USDT.

Trend Lines: Green trend lines highlight major trend directions. Watching these closely for potential reversals.

Fibonacci Levels: The Fibonacci retracement levels provide crucial support and resistance points.

RSI Indicator: The RSI is at 17.72, indicating the asset is currently oversold and may present a buying opportunity.

Moving Averages: The chart includes 5-period (yellow) and 10-period (purple) moving averages for short-term trend analysis.

Key Levels to Watch:

Resistance at 0.13940 USDT

Support at 0.13224 USDT

Given the current oversold conditions, a potential bounce back might be on the horizon. Stay vigilant for any signs of trend reversals!$TRX #TRXUpdate