Letâs jump into the TRX market structure analysis.
đ TRX â 4H Overview
TRX has successfully broken above the $0.2824 resistance and is now pushing higher.
Over the past 24 hours, TRX trading volume has dropped by 20%.
đ Volume Analysis
Watch the volume closely on the chart. Every time price previously reached $0.2824, it faced strong sell pressure and sell orders were heavily filled.
On the third and current test, fewer sell orders were present, and with a slight increase in volume, this resistance was finally broken.
âïž TRX Trading Scenarios
Below are the active scenarios you can use alongside your trading strategy:
đą Long Scenario
Since TRX has broken this resistance, you can enter a long position, placing your stop-loss below the current low.
Alternatively, wait for better consolidation above this level and enter on the pullback for a safer setup.
đŽ Short Scenario
A break below the $0.2791 support, accompanied by strong selling pressure, could lead to a deeper drop and offers a valid short setup.
đ§ Protect your capital first. No setup is worth blowing your account. If risk isnât controlled, profit means nothing. Trade with rules, not emotions..
