Momentum is building near key support… but confirmation is still needed.
$TRX /USDT – LONG
Trade Plan
Entry: $0.3588 – $0.3600
SL: $0.3565
TP1: $0.3635
TP2: $0.3675
TP3: $0.3720 (if bullish momentum expands)
Why This Setup?
4H Structure: TRX continues to hold above the recent support zone while short-term structure remains intact. Buyers are defending pullbacks instead of allowing a deeper correction.
Price Positioning: Current price around $0.3595 is trading near MA(7) and MA(25), showing consolidation before the next directional move.
Daily Context: As long as the daily trend remains above major support, the broader structure still favors continuation toward higher liquidity levels.
Volume Behavior: Selling pressure appears limited, while repeated rebounds from the $0.3585 area suggest demand absorption rather than aggressive distribution.
Resistance Outlook: A clean break above $0.3635 could trigger momentum toward the next liquidity zones near $0.3675 and $0.3720.
As long as $0.3585 support holds, bulls maintain the advantage and upside continuation remains the higher-probability scenario.
Debate:
Will TRX finally break above $0.3635 and continue its uptrend toward new highs...
Or will sellers defend resistance and force another consolidation phase?
Click Trade here 👇
