$TRX is trying to find its footing after a sharp shakeout, and the next few candles could be important.
After rejecting $0.3653, price dropped to $0.3007 before buyers stepped in. The bounce toward $0.3175 is a positive response, but TRX is still trading below its daily Supertrend at $0.3434.
Key levels on my radar:
Support: $0.3117, then $0.3007
Resistance: $0.3259, $0.3401 and $0.3434
Reclaiming $0.3260 would be a good first step toward recovery. A move above $0.3434 would make the daily structure more constructive.
Credit to buyers for defending the lows. Now the real test is turning this bounce into sustained strength.
#TRX
After rejecting $0.3653, price dropped to $0.3007 before buyers stepped in. The bounce toward $0.3175 is a positive response, but TRX is still trading below its daily Supertrend at $0.3434.
Key levels on my radar:
Support: $0.3117, then $0.3007
Resistance: $0.3259, $0.3401 and $0.3434
Reclaiming $0.3260 would be a good first step toward recovery. A move above $0.3434 would make the daily structure more constructive.
Credit to buyers for defending the lows. Now the real test is turning this bounce into sustained strength.
#TRX
