🚨 $TRX /USDT TECHNICAL ANALYSIS: CRITICAL ZONE IN PLAY! 🚨
$TRX /USDT is currently trading at $0.2967, up 8.44% in the last 24 hours, showcasing strong bullish momentum. After touching a high of $0.3082, TRX has entered a slight pullback phase, presenting an opportunity for traders to monitor key levels for the next move.
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Key Levels and 3 Targets
1️⃣ Immediate Resistance: $0.3100
A breakout above this level could confirm continued bullish momentum, pushing TRX to test higher targets.
2️⃣ First Target: $0.3200
If TRX sustains above $0.3100, this level becomes the next resistance, reflecting bullish confidence.
3️⃣ Second Target: $0.3350
Further upward pressure could drive TRX toward this critical zone, which may act as a potential profit-taking level.
4️⃣ Support Zone: $0.2850
On the downside, if TRX fails to hold current levels, a retest of $0.2850 could be in play. Breaking below this might signal a reversal toward $0.2700.
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Technical Insights
Trend: Bullish, supported by consistent upward price action and volume spikes.
Momentum: RSI suggests TRX is nearing overbought conditions, but strong buyer interest persists.
Volatility: Elevated – expect sharp swings in both directions as TRX consolidates near key levels.
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Trading Strategy
💡 Bullish Play:
Entry: Above $0.3100
Targets: $0.3200, $0.3350
Stop-Loss: Below $0.2950
💡 Bearish Play:
Entry: Below $0.2850
Targets: $0.2700, $0.2600
Stop-Loss: Above $0.2900
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Monitor these levels closely—TRX is at a decisive point that could shape its next big move!