TRX is bursting through key resistance, momentum building rapidly. This breakout has the makings of a significant move, with the entry window narrowing by the minute.
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$TRX LONG 📈
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📍 Entry Range: $0.320499 – $0.321141
🛑 Stop Loss: $0.311195 (-3.0%)
🎯 TP1: $0.325632 (+1.5%)
🏆 TP2: $0.336861 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The combination of a CHoCH market structure break, CVD confirming direction, and a clear FVG is extremely compelling, especially with an OB and POI confluence tightening the noose on this price level. The wave pattern unfolding suggests we're on the cusp of a powerful impulse wave. Volume is stacking up in our favor, indicating a strong hand is driving this breakout.
A 3.0% stop loss might feel tight for some, but with 1:1.7 risk to reward, it's manageable, especially with the right leverage, which for this setup, could be around 2-3x to maximize returns without overexposing.
Taking partial profits at TP1 is a strategic move to bank some gains while the trade is still in its early stages of momentum, allowing us to ride the wave further with reduced risk.
Not financial advice — always manage your own risk 🙏
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