๐ $TRX 4H โ Bullish Reversal Setup Forming
Trading Plan: $TRX
๐น Long Entry: 0.2710 โ 0.2750
๐น Stop-Loss: 0.2650
๐น Take Profit 1: 0.2884
๐น Take Profit 2: 0.2900
Analysis:
$TRX is holding strongly above the 0.2710 support zone, indicating early accumulation by buyers. Market structure is showing signs of a potential bullish reversal โ especially if a pin bar / bullish engulfing forms on lower timeframes.
EMA50 and EMA200 are converging, creating a setup for upward momentum. RSI is recovering from oversold territory, signaling returning buying pressure. Increasing volume on green candles confirms short-term bullish strength.
If price sustains above 0.2750, a clean move toward 0.2884 and 0.2900 becomes highly probable.
Current Price: 0.27408
Change: +0.53%