$TRX
USDT 15 minute technical analysis
Current price is around 0.2985 and the chart shows short term consolidation. Price is moving in a range with no strong impulse at the moment. The intraday high near 0.2995 is acting as a strong resistance while the low around 0.2973 is a clear support zone. Price has formed a higher low which gives a slightly bullish bias but momentum is still limited.
Support area is between 0.2973 and 0.2978 while immediate resistance lies between 0.2990 and 0.2995. A clean 15 minute close above 0.3000 would confirm a bullish breakout.
For a long trade on support bounce buying is preferred near 0.2975 to 0.2980 with targets at 0.2990 and 0.3000 while stop loss should be below 0.2969. For a breakout long trade entry is valid only after a 15 minute close above 0.3000 with upside targets at 0.3015 and 0.3030 and stop loss near 0.2989. If price rejects from the 0.2995 to 0.3000 zone then a short trade is possible with targets at 0.2980 and 0.2973 and stop loss above 0.3006.
Overall momentum is neutral to slightly bullish and it is better to wait for either a clear breakout above 0.3000 or a retest of the 0.2973 support for a safer trade setup.