The $TRX /USDT pair is currently trading at $0.2612, showing a modest 0.89% gain over the last 24 hours. The price recently faced resistance at the 24-hour high of $0.2634, followed by a sharp retracement. It is now consolidating above the EMA(25) at $0.2610 and EMA(99) at $0.2595, suggesting a potential rebound if the support holds. The 24-hour low of $0.2565 serves as a critical level to watch for downside risks. Traders should look for a breakout above $0.2634 to confirm further bullish momentum, targeting higher resistance levels. However, stop-losses below $0.2590 are recommended to manage risks, given the recent volatility. This setup presents opportunities for both breakout and dip-buying strategies, depending on the price action.
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