TRX is looking to break out with a 91% confidence level, targeting a 1:1.7 risk/reward ratio. Current structure suggests a strong long setup.
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🟢 $TRX LONG 📈
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📍 Entry Range: $0.330050 – $0.330710
🛑 Stop Loss: $0.320469 (-3.0%)
🎯 TP1: $0.335336 (+1.5%)
🏆 TP2: $0.346899 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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Signals fired include CHoCH, indicating a market structure break, along with CVD and FVG, suggesting volume confirms direction and a fair value gap, respectively. The overlap of OB and POI confluence further supports this long setup. The combination of these signals points to a high-probability trade.
A 3.0% stop loss seems reasonable, suitable for a 2-3x leverage given the trade's risk profile.
Taking partial profit at TP1 could be a good idea to lock in some gains and ride the remaining position for further potential upside.
Not financial advice — always manage your own risk 🙏
#TRXUSDT $TRX #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🟢 $TRX LONG 📈
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.330050 – $0.330710
🛑 Stop Loss: $0.320469 (-3.0%)
🎯 TP1: $0.335336 (+1.5%)
🏆 TP2: $0.346899 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
━━━━━━━━━━━━━━━━━━━━━
Signals fired include CHoCH, indicating a market structure break, along with CVD and FVG, suggesting volume confirms direction and a fair value gap, respectively. The overlap of OB and POI confluence further supports this long setup. The combination of these signals points to a high-probability trade.
A 3.0% stop loss seems reasonable, suitable for a 2-3x leverage given the trade's risk profile.
Taking partial profit at TP1 could be a good idea to lock in some gains and ride the remaining position for further potential upside.
Not financial advice — always manage your own risk 🙏
#TRXUSDT $TRX #SMC #Write2Earn #Binance