The daily chart for $TRX /USDT: shows a downward trend, but 4H is ranging now and 1H is trying to flip upward. The RSI indicator on 1H is in the overbought area at 34.9, indicating a potential bounce. The catalyst is the 15-minute RSI crossing above 50, confirming a short-term momentum shift. Enter LONG on the breakout for a quick move towards the first target. This is a counter-trend bounce play within the larger range.

Executable setup now (LONG)

Entry: Market price 0.284205 โ€“ 0.284645

TP1: 0.285306

TP2: 0.286187

TP3: 0.287068

SL: 0.283544

TRX
TRX
0.2808
-2.02%

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