🚨 $TRX /USDT Trading Alert – 1-Hour Chart 🚨

Price Action Overview: TRX has recently gained momentum, showing a 4.21% increase over the last 24 hours. After a strong upward push, TRX reached a peak at 0.1922 before pulling back to its current price of 0.1759. This consolidation might indicate a potential setup for either a recovery or further pullback.

Current Price: 0.1759

Entry Price for Long Trade: 0.1765 (anticipating a rebound)

Key Levels to Watch:

Resistance: 0.1922 – A break above this recent high could trigger renewed buying interest, pushing TRX to higher levels.

Support: 0.1644 – Holding above this support is critical to maintaining a bullish outlook.

Take-Profit Targets:

1. TP1: 0.1820

2. TP2: 0.1880

3. TP3: 0.1950

Stop Loss: 0.1630 (to protect against deeper corrections)

Cautionary Note: Traders should monitor the 0.1765 entry level closely. A breakout above 0.1922 may signify a resumption of the uptrend, while a drop below 0.1644 could lead to increased selling pressure. Keep an eye on market volume and price movement for breakout or reversal signals.

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