$TRX: Higher Low Structure Confirmed: Long Entry Level Reached
LONG SETUP TRX
Entry: $0.33290 - $0.33320
Stop Loss: $0.32130
Take Profit: $0.35655 (2R)
Key Levels: Support $0.33280 | Resistance $0.33420
Technical Analysis for $TRX: RSI at 65, MACD histogram positive, and price sitting above EMA9/21/50/200 shows clear bullish momentum. ADX above 35 confirms a strong trend, while the orderbook shows a 15% bid imbalance. Current price at 0.3339 sits just above the key support, reinforcing the upside bias. Together, these indicators favor LONG continuation toward resistance.
Market Context: BTC is in a bearish 4H trend and down 1.75% on the day, while the broader market is broadly negative with 90.6%
LONG $TRX
LONG SETUP TRX
Entry: $0.33290 - $0.33320
Stop Loss: $0.32130
Take Profit: $0.35655 (2R)
Key Levels: Support $0.33280 | Resistance $0.33420
Technical Analysis for $TRX: RSI at 65, MACD histogram positive, and price sitting above EMA9/21/50/200 shows clear bullish momentum. ADX above 35 confirms a strong trend, while the orderbook shows a 15% bid imbalance. Current price at 0.3339 sits just above the key support, reinforcing the upside bias. Together, these indicators favor LONG continuation toward resistance.
Market Context: BTC is in a bearish 4H trend and down 1.75% on the day, while the broader market is broadly negative with 90.6%
LONG $TRX