$TRX building higher lows into resistance, 1H setup taking shape
$TRX · LONG · Conf 70%
Trade Plan:
Entry: 0.34035 - 0.34070
SL: 0.33797
TP1: 0.34326
TP2: 0.34581
TP3: 0.34837
TP4: 0.35092
R:R about 2.1 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
TRX/USDT 0.34070, -0.12% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 60.4 with volume x0.68 against the 20-bar average.
- Invalidation is unambiguous: through 0.33797 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 0.34020 · 0.33783 · 0.33458 | R 0.34205 · 0.34519 · 0.35020
Debate:
Momentum or mean reversion on TRX? The tape says one thing, 60 RSI says another.
Trade TRX: spot https://www.binance.com/en/trade/TRX_USDT | futures https://www.binance.com/en/futures/TRXUSDT
$TRX #TRX #Write2Earn #TradingSignals #CryptoTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.