analysis 📊Tron TRX-->>USDT 4H Technical Analysis🚀

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This analysis is prepared on the 4-hour timeframe. For even more precise setups and scalping opportunities, unlock access to shorter timeframes by upgrading to a premium account!

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1. Trend Overview

• TRX is currently in a strong uptrend, with the price making a clear breakout above previous resistance levels and reaching new local highs.

• The latest impulse move has pushed the price from the $0.275–$0.280 zone up to the $0.3200 area, indicating strong bullish momentum.

• The overall market structure shows a sequence of higher highs and higher lows, confirming the bullish sentiment.

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2. Key Support and Resistance Levels

• Support Zones:

  • $0.2850–$0.2900: This zone has acted as a breakout level and now serves as immediate support.

  • $0.2750–$0.2800: Previous consolidation and accumulation area, likely to provide strong support on any pullbacks.

  • $0.2650–$0.2700: Deeper support, marked by multiple historical reactions.

• Resistance Zones:

  • $0.3200: Current local high and immediate resistance.

  • If $0.3200 is broken, the next psychological resistance would be around $0.3300.

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3. Price Patterns and Formations

• There is a clear breakout from a long consolidation phase, with price accelerating sharply after breaching the $0.2800 level.

• The chart indicates a possible formation of a short-term bull flag or consolidation above $0.2900, suggesting that the uptrend could continue after a brief pause.

• The projected path shows a potential for a minor correction from $0.3200, with a retracement towards $0.3000–$0.3050 before another attempt to move higher.

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4. Trading Strategy & Sentiment

Current Sentiment: Strongly bullish, with a focus on buying dips and breakout retests.

Trade Idea:

• Entry: Consider long positions on a pullback to the $0.2900–$0.2950 zone, which aligns with the new support after the breakout.

• Stop Loss: Place stops below $0.2850 to limit downside risk in case of a deeper correction.

• Take Profit: First target at $0.3200 (recent high), with a stretch target at $0.3300 if momentum continues.

• Alternative Scenario: If price loses $0.2850 support, wait for a reaction at $0.2750–$0.2800 before considering new longs.

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5. What I Would Do Now

• I would look for a long entry around $0.2900–$0.2950, with a stop loss below $0.2850.

• My first take profit would be set at $0.3200, and if the bullish trend persists, I would trail stops and look for $0.3300 as the next target.

• If the price drops below $0.2850, I would stay out and reassess at lower support zones.

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6. Additional Observations

• The breakout is supported by strong momentum and volume, suggesting that bulls are in control.

• No clear bearish reversal patterns are visible at the moment—watch for any signs of exhaustion or bearish engulfing candles at resistance.

• The price is trading well above the 200-period SMA, reinforcing the bullish bias.

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This analysis is based on the 4-hour timeframe. For more detailed and faster trading setups, including access to 1h, 30m, and 15m charts, consider upgrading to a premium account and take your trading to the next level!

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Important Disclaimer

This is not investment advice. Every trade carries risk, and you should always conduct your own analysis before entering any position.