Here’s a detailed breakdown of your $TRX futures signal and market context:

Trade Setup

Action: LONG

Entry: $0.2753

Take Profit (TP): $0.2850

Stop Loss (SL): $0.2684

Risk/Reward Check:

Risk per trade: $0.2753 − $0.2684 = $0.0069 (~0.69 cents)

Reward per trade: $0.2850 − $0.2753 = $0.0097 (~0.97 cents)

Reward-to-Risk Ratio: 0.0097 / 0.0069 ≈ 1.41 ✅ Reasonable for short-term trading

Technical Analysis

Recent Price Action:

TRX experienced a sharp sell-off during the early U.S. session last Friday.

Today, trading volume has recovered, which indicates renewed buyer interest.

Bollinger Bands:

Daily chart shows TRX is below the midline after the crash.

If no further sell-off occurs, the price may revert to the midline, which often acts as a magnet after volatility.

Support/Resistance:

Immediate support: $0.2684 (SL level)

Next resistance: $0.2850 (TP level)

Fundamental Factors

BTC Correlation: TRX upside depends on BTC holding above $90,000.

Internal Strength: Strong TRX community support and internal fundamentals may accelerate the rebound.

Potential: If bullish conditions persist, TRX could revisit previous highs, potentially outperforming other top-cap tokens