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$TRX /USDT on the Move: Key Levels to Watch! ā”šÆ
TRON (
$TRX ) is making subtle moves, showing potential for a breakout. Currently trading at 0.1656 USDT, TRX has experienced a slight increase of 0.24% over the past 24 hours. Hereās what traders need to keep an eye on as the price approaches critical levels.
šÆ Key Levels and Targets for TRX
1. Primary Resistance: 0.1663 USDT
A move above this level could signal bullish momentum, potentially leading to higher targets. A breakout here might attract more buyers.
2. Support Level: 0.1639 USDT
This level is crucial to maintain
$TRX ās current uptrend. If the price dips below, it may signal a temporary slowdown.
3. Upper Target: 0.1671 USDT
Should TRX continue its upward journey, this target is within reach, representing a strong resistance level where traders could see further action.
Technical Indicators
TRX is currently trading near its 7 and 25-period moving averages, with an upward slope indicating bullish sentiment. However, keep an eye on volume spikes, which could signal increased volatility and potential price swings.
Trading Strategy
Consider closely monitoring the 0.1639 USDT support for potential entry points, while keeping the resistance and upper target levels in mind for profit-taking or exit strategies.
Join the TRX action on Binance and watch these levels closely!
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