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TRXUSDT 1H Chart Analysis | Eyeing the Breakout for MomentumTRXUSDT 1H Chart Analysis | Eyeing the Breakout for Momentum 🔍 Let’s break down TRX/USDT price action and identify setups that could unlock the next move, with a spotlight on RSI dynamics and key breakout levels. ⏳ 1-Hour Overview The chart is currently forming a tightening symmetrical triangle, signaling a squeeze ahead of an expected breakout. Price action is consolidating between the local support at $0.3457 and resistance near $0.3520–$0.3547. 📈 RSI Insights - The RSI sits around 48, reflecting short-term indecision and neutral momentum. - There’s a clear RSI trendline forming higher lows, indicating underlying strength building up. - Watch closely: An RSI breakout above 59 is flagged as a momentum trigger, historically driving stronger moves. 📊 Key Highlights: - Chart pattern: Tightening triangle points to an imminent volatility expansion. - Price structure: Breakout (BO) above $0.3520 or, more convincingly, $0.3547 opens up higher targets. - Bullish targets: $0.3615 and $0.3680—these mark the next resistance zones if upside momentum takes over. - RSI dynamics: Trendline support on RSI signals hidden demand; BO above 59 on RSI can fuel upside moves. 🚨 Conclusion: TRX is at a make-or-break juncture. A decisive breakout above $0.3520 or, even better, $0.3547 could unlock a rally to $0.3615 and $0.3680. Keep a close eye on the RSI—trendline holds and a thrust above 59 can serve as early confirmation of buyer strength.
Long
by AtresCryptoAcademy
TRXUSDT Up trend continuationTRXUSDT has recently pulled back toward a key support level after reaching an all-time high. This support zone has previously acted as a pivot point, underscoring its significance. On the weekly timeframe, a large bullish candle suggests that a retracement to approximately one-third of the previous week's candle or the psychological level at 0.1900 would be a healthy correction. Following this pullback, the price may resume its bullish movement. The target is the resistance zone around 0.2070
Long
by RTED_Investing
TRXUSDT potential Up Trend continuationTRXUSDT pulled back toward the swap zone, which has been tested multiple times before, and took liquidity below the equal lows, creating a false breakout at this significant level. Despite this, the overall trend remains bullish, and the market may enter a short-term sideways phase between 0.1570 and 0.1650. The presence of a recent bullish candle supports the potential for upward continuation. If the market holds above the swap zone and regains momentum, a move higher is likely. The target is the resistance zone around 0.1620
Long
by RTED_Investing
TRXUSDT CorrectionTRXUSDT is currently pulling back after forming a double top at a resistance zone. The price is now testing a previous support level, and there is a chance it could dip below this support, given the liquidity below this level and near the February highs. The market has already seen a pullback of around 12%, with the potential to extend to a 15% pullback. This price action might develop into a trend continuation pattern, possibly forming a triangle as it consolidates. If the market finds sufficient buying pressure at these lower levels, it could set the stage for a future upward move. The target is the resistance zone around 0.1618
Long
by RTED_Investing
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670 Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Long
by RTED_Investing
1
TRXUSDT SHORT OPPORTUNITYTRXUSDT is in an uptrend and after reacting to a strong fresh OB, firstly broke the OB then got back beneath it and made a ChoCh, then I personally set my short setup, and I will enter in lower time frame in 15M and 5M, based on my checklist confirmation and risk and money management! But as you know the analyzing timeframe is 4H and the triggering orders might take time, hence as you might know tomorrow there will be data, MCSI (Michigan consumer sentiment index) which is very important for dollar. So be careful at that time, DYOR and be profitable! Ciao!
TShort
by its_all_about_charts
TRXUSDT → Consolidation. Breaking through Strong Resistance TRXUSDT breaks the downward resistance, which has been holding the price back for more than a year. As we can see, the price forms a local uptrend and on the next retest the coin forms a breakout. What's next? The energy for the breakout has been accumulating since the end of last year. The last month and a half the price sticks to the resistance and forms pressure from below. (Triangle area). While many altcoins have been confidently updating highs TRX has been practicing stamina and accumulating. It remains for the bulls to hold the 0.0650 level defense behind them. Strong support: 0.065, 0.0600. Strong resistance: 0.0700 (breakdown strategy) I expect from the bulls a confident consolidation of the price above the broken line with the subsequent growth towards 0.0800, then to 0.1000 Regards R. Linda!
by RLinda
15