$TRX is sitting at a very important support zone right now. The next move could decide its short-term direction!
$TRX Analysis | 1H Timeframe
What's happening?
TRX experienced a sharp decline from the $0.3400 region, followed by a recovery towards $0.3240. However, buyers are now struggling to push the price higher, and TRX has entered a consolidation phase.
Currently trading around $0.3177, price is testing the strength of buyers near an important support area.
Important Levels
Support 1: $0.3153
Support 2: $0.3100
Support 3: $0.3050
Resistance 1: $0.3200
Resistance 2: $0.3240
Major Resistance: $0.3300
Bullish Scenario 🟢
If TRX holds above $0.3153 and successfully reclaims $0.3200, buyers could push towards:
$0.3240 → $0.3270 → $0.3300
Bearish Scenario 🔴
If the $0.3153 support breaks with a strong 1H candle close below it, further downside towards:
$0.3100 → $0.3050 could follow.
My Strategy:
I'm watching the $0.3153 support very closely. A confirmed bounce could offer a long opportunity, while a confirmed breakdown could open the door for a short.
Don't rush into a trade. Let the market confirm its direction first.
— Hazel Trades 🌸
Disclaimer: Personal opinion only, not financial advice. Always manage your risk.
#Trxusdt #NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #CPITestsDecemberRateOutlook
$TRX Analysis | 1H Timeframe
What's happening?
TRX experienced a sharp decline from the $0.3400 region, followed by a recovery towards $0.3240. However, buyers are now struggling to push the price higher, and TRX has entered a consolidation phase.
Currently trading around $0.3177, price is testing the strength of buyers near an important support area.
Important Levels
Support 1: $0.3153
Support 2: $0.3100
Support 3: $0.3050
Resistance 1: $0.3200
Resistance 2: $0.3240
Major Resistance: $0.3300
Bullish Scenario 🟢
If TRX holds above $0.3153 and successfully reclaims $0.3200, buyers could push towards:
$0.3240 → $0.3270 → $0.3300
Bearish Scenario 🔴
If the $0.3153 support breaks with a strong 1H candle close below it, further downside towards:
$0.3100 → $0.3050 could follow.
My Strategy:
I'm watching the $0.3153 support very closely. A confirmed bounce could offer a long opportunity, while a confirmed breakdown could open the door for a short.
Don't rush into a trade. Let the market confirm its direction first.
— Hazel Trades 🌸
Disclaimer: Personal opinion only, not financial advice. Always manage your risk.
#Trxusdt #NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #CPITestsDecemberRateOutlook
