analysis 📊 TRON TRX-->>USDT Technical Analysis – 4H Timeframe

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This is a detailed technical analysis of TRON (TRX) on the 4-hour timeframe. Below, you will find key insights, including support & resistance levels, trend direction, trade setups, and entry/exit points.

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1. Market Trend Overview

📈 Overall Trend: Neutral / Range-Bound
🔎 Recent Price Action: TRX is currently trading within a sideways range, struggling to break above key resistance levels while maintaining strong support.

📊 Indicators Used:

• Support & Resistance (S&R) Levels
• Breakout & Wick Rejections
• Bearish & Bullish Signals

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2. Key Support & Resistance Levels

🔻 Support Levels (Potential Buy Zones):

• $0.2267 – Strong historical support zone
• $0.2400 – Current local support level

🔺 Resistance Levels (Take-Profit Targets):

• $0.2475 – First major resistance zone
• $0.2600+ – Long-term breakout level (bullish scenario)

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3. Trading Strategy: Best Plays

🔹 Buy Scenario (Long Trade - Range Play)

If TRX holds support at $0.2267 - $0.2400, a long position can be considered.

• Entry: Around $0.2339 - $0.2400 (confirmation needed)
• Target 1: $0.2475
• Target 2: $0.2600
• Stop Loss: Below $0.2267

🔻 Sell Scenario (Short Trade - Range Rejection)

If TRX fails to break above $0.2475, a short position can be taken.

• Entry: Around $0.2450 - $0.2475
• Target 1: $0.2400
• Target 2: $0.2267
• Stop Loss: Above $0.2500

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4. Additional Observations

✔ Range Market: TRX is moving within a well-defined range ($0.2267 - $0.2475), indicating good opportunities for both long and short trades.
✔ Breakout Potential: If TRX breaks above $0.2475 - $0.2500, a move toward $0.2600+ is possible.
✔ Risk Management: A tight stop-loss is recommended due to recent whipsaw movements.

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