$TRX
1H Technical Analysis | Bulls Pressing Into Resistance đ
$TRX is showing a constructive structure on the 1H timeframe, with the daily and weekly charts also supporting the bullish thesis. We have a sequence of higher highs and higher lows, so unlike many counter-trend setups, the long bias is currently aligned with TRX's broader structure.
The main complication is the bearish BTC backdrop, which means I still want confirmation before assuming this move can continue cleanly.
đą Bullish structure remains intact
The key support/reclaim area I'm watching is 0.3356â0.3360.
As long as price continues to respect this area and maintains the latest higher-low structure, buyers remain in control.
However, volume is extremely quiet at around 0.02x, so this isn't a setup where I'd chase momentum blindly.
Instead, I'd prefer to see a liquidity sweep followed by a strong reclaim.
The ideal confirmation would be:
Quick sweep below the latest higher low
Reclaim of 0.3356â0.3360
Bullish engulfing or strong rejection candle
5M/15M bullish market-structure shift
Volume expansion during the reclaim
That combination would provide much stronger evidence that buyers are actually stepping back in.
đŻ First target: 0.3375
The immediate objective is the latest swing high around 0.3375.
This is the first major liquidity area and could attract profit-taking.
If $TRX reaches 0.3375 and breaks through with strong momentum, I would then watch the 0.3378â0.3380 supply zone.
A clean breakout followed by a successful retest would strengthen the continuation thesis.
đ Bullish continuation scenario
The ideal roadmap is:
Sweep/reclaim 0.3356 â bullish confirmation â 0.3375 â breakout â 0.3378â0.3380
If buyers can establish acceptance above 0.3375 rather than simply wicking through it, the next supply zone becomes the obvious area to monitor.
But given the extremely low volume, I want to see participation increase before treating a breakout as genuine.
1H Technical Analysis | Bulls Pressing Into Resistance đ
$TRX is showing a constructive structure on the 1H timeframe, with the daily and weekly charts also supporting the bullish thesis. We have a sequence of higher highs and higher lows, so unlike many counter-trend setups, the long bias is currently aligned with TRX's broader structure.
The main complication is the bearish BTC backdrop, which means I still want confirmation before assuming this move can continue cleanly.
đą Bullish structure remains intact
The key support/reclaim area I'm watching is 0.3356â0.3360.
As long as price continues to respect this area and maintains the latest higher-low structure, buyers remain in control.
However, volume is extremely quiet at around 0.02x, so this isn't a setup where I'd chase momentum blindly.
Instead, I'd prefer to see a liquidity sweep followed by a strong reclaim.
The ideal confirmation would be:
Quick sweep below the latest higher low
Reclaim of 0.3356â0.3360
Bullish engulfing or strong rejection candle
5M/15M bullish market-structure shift
Volume expansion during the reclaim
That combination would provide much stronger evidence that buyers are actually stepping back in.
đŻ First target: 0.3375
The immediate objective is the latest swing high around 0.3375.
This is the first major liquidity area and could attract profit-taking.
If $TRX reaches 0.3375 and breaks through with strong momentum, I would then watch the 0.3378â0.3380 supply zone.
A clean breakout followed by a successful retest would strengthen the continuation thesis.
đ Bullish continuation scenario
The ideal roadmap is:
Sweep/reclaim 0.3356 â bullish confirmation â 0.3375 â breakout â 0.3378â0.3380
If buyers can establish acceptance above 0.3375 rather than simply wicking through it, the next supply zone becomes the obvious area to monitor.
But given the extremely low volume, I want to see participation increase before treating a breakout as genuine.