Watching $TRX closely as it tests resistance
As long as $TRX stays above 0.3217, it looks primed for a leg up to test the resistance at 0.3335, given the current chart structure and the fact that it's defending the support level
- Price is above SMA7 and SMA25, - 10-bar trend is sideways but chart bias score favors long, - Last candle was bearish but overall structure looks bullish
A daily close under 0.3217 breaks this setup and would be a sign to reevaluate the trade
Are you buying this dip on $TRX or waiting for a clearer breakout?
As long as $TRX stays above 0.3217, it looks primed for a leg up to test the resistance at 0.3335, given the current chart structure and the fact that it's defending the support level
- Price is above SMA7 and SMA25, - 10-bar trend is sideways but chart bias score favors long, - Last candle was bearish but overall structure looks bullish
A daily close under 0.3217 breaks this setup and would be a sign to reevaluate the trade
Are you buying this dip on $TRX or waiting for a clearer breakout?