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【After so many years of watching the market, TRX has recently given me a different feeling】
As the night trading session opened, the rhythm of TRX clearly changed. I have to say, this time I feel TRX is quite interesting, with the bullish strength very evident. RSI is now at 53.2, still in the neutral to slightly bullish zone, but the trend is already quite clear. 🔥
During this period, TRX has been fluctuating around $0.283292, but tonight’s surge made me feel a bit different. From a technical perspective, RSI is at 53.2, although it’s still away from overbought, the bullish momentum is indeed emerging. More importantly, the current price is firmly above the key support level of $0.272000, which is a very good sign.
This is not a pattern that retail investors can easily create.
My judgment is that TRX might break through the $0.290400 level. Once it succeeds, I will follow suit, because after breaking through, the next target depends on the critical resistance at $0.294600. 🚀
My trading plan is as follows: closely monitor this level, and if TRX can successfully break through $0.290400, I will consider a tentative increase in position; but if it falls below the key support of $0.272000, I will cut losses immediately. Risk control is always the top priority, and this principle is never shaken. 🐶
What do you all think about this level?
Overall, this wave of TRX movement excites me quite a bit, and I hope it can bring everyone a good profit. Is anyone interested in tracking together? Welcome to share different opinions.
📈 Key price reference:
• Support level: $0.272000
• Resistance level: $0.294600
• Breakout level: $0.290400
⚠️ Note: The above is based on personal technical analysis and observation, for reference and learning only, and does not constitute any investment advice.