🚨 Trading Alert: TRX/UST Price Stagnation

TRX's price is currently stuck in a tight range between $0.2780 and $0.2800, after bouncing back from a low of $0.2706.

Technical Analysis 📊

EMA Convergence: The 21-day EMA (green) and 60-day EMA (red) are converging sideways, indicating a lack of momentum.

Candlestick Action: Recent candles have small bodies with wicks at both ends, suggesting selling pressure is stronger than buying pressure.

Trading Strategy 💡

**"Patience is Golden"**

Scenario 1: Short Selling 📉
Conditions: Wait for the price to close below $0.2770.
Entry Point: $0.2750 - $0.2770.
Stop Loss (SL): $0.2820.
Take Profit (TP): Aim for a return to $0.2706 or lower.

Scenario 2: Long Buying 📈
Conditions: The price must break and close above $0.2830 with increased volume.
Entry Point: Buy on breakout at $0.2835.
Stop Loss (SL): $0.2780.
Take Profit (TP): Target a retest of the higher high around $0.2900 - $0.2950.

📊 Remember to adjust your stop-loss and take-profit levels according to your risk management strategy.