TRON sold off through the weekly range and swept to about 0.3270, then bounced hard to the 0.334 area. It has now pulled back into the 0.3302 support line, which is the level I’m watching for a long. The weekly pivot (PP 0.332378, Pivot Hybrid, from last week’s H 0.337120 / L 0.330590 / C 0.330900) sits just above, so reclaiming it is the first step.
Why I’m leaning long
Sweep and reclaim. The dip to 0.327 took out the weekly low and was bought fast. That’s a liquidity grab, and the bounce held above it.
Higher low on the pullback. The retest at 0.3302 is above the sweep low, so buyers are defending a higher level.
Clear targets above. The first reaction zone is 0.3389 (the prior range high), then 0.3449 (the high of the recent move).
Trade plan
Entry: ~0.3302 (support retest).
Invalidation: H4 close below ~0.3265 (under the sweep low and the lower pivot support).
Target 1: 0.3389, where I’d take partials and move the stop to breakeven.
Target 2: 0.3449.
Risk/reward: roughly 1:2.4 to Target 1 and 1:4 to Target 2.
What would change my mind
An H4 close below 0.3265 turns the sweep into a real breakdown, with 0.322 as the next support.
A sharp BTC drop, since TRX tends to follow the market.
Educational idea, not financial advice. Trade your own plan and manage your risk.
