$TRX
TRX/USDT: Consolidation Over? Preparing for the Next Leg Up!
Content:
TRON ($TRX) is showing signs of a steady recovery on the 1H timeframe. After a period of sideways movement, we are seeing some interesting bullish signals. 📊
Technical Breakdown:
Price Action: TRX is currently at $0.2793, hovering right near its 24h high of $0.2793. It's testing the upper Bollinger Band ($0.2797).
MACD: The MACD has just flipped bullish with a positive crossover (DIF > DEA), suggesting the momentum is shifting back to the buyers.
RSI (10): Sitting comfortably at 60.46. This is the "Sweet Spot"—it’s not overbought yet, meaning there is plenty of room for the price to climb before hitting resistance.
SAR Support: The Parabolic SAR dots have shifted below the price candles, confirming a short-term uptrend.
🎯 Trading Setup:
TRX looks solid for a scalp or a short-term swing trade.
Entry Zone: $0.2785 – $0.2792 (Current levels are looking strong)
Target 1: $0.2820
Target 2: $0.2850
Stop Loss: $0.2760 (Below the recent swing low)
Will Justin Sun’s TRX break $0.2800 today? The volume is picking up! Let’s discuss below. 👇
#TRX #JustinSun #CryptoSignals #BinanceSquare #Altcoins #TradingTips