$TRX TRX short-term has stabilized above the short-term moving averages, and today shows a slight rebound.
$TRX - Buy
Trading Plan:
Entry: 0.3340 - 0.3345
Stop Loss (SL): 0.3320
Target 1 (TP1): 0.3352
Target 2 (TP2): 0.3370
Target 3 (TP3): 0.3400
Why go long?
Price has effectively broken above multiple short-term moving averages. The support around 0.332 has been tested repeatedly and is relatively solid. The current trend is biased toward bullish control. As long as the stop-loss line is not broken down with significant volume, the market will most likely follow its momentum to probe the previous high at 0.3352 and even higher into the resistance zone. The risk-reward ratio of going long with the trend remains good.
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$TRX - Buy
Trading Plan:
Entry: 0.3340 - 0.3345
Stop Loss (SL): 0.3320
Target 1 (TP1): 0.3352
Target 2 (TP2): 0.3370
Target 3 (TP3): 0.3400
Why go long?
Price has effectively broken above multiple short-term moving averages. The support around 0.332 has been tested repeatedly and is relatively solid. The current trend is biased toward bullish control. As long as the stop-loss line is not broken down with significant volume, the market will most likely follow its momentum to probe the previous high at 0.3352 and even higher into the resistance zone. The risk-reward ratio of going long with the trend remains good.
Click here to trade👇