TRX/USDT 1H: Bulls Eyeing $0.2700 After Breaking Key Levels
2025-01-24
Category: None

TRX/USDT 1H Chart Analysis (SMC Principles)
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Current Price: $0.2588


 Market Structure: 
 
 Bullish momentum after breaking above the POI at $0.2500.
 RSI: 63, indicating moderate bullish momentum without overbought conditions.
 

 Key Levels: 
 
 Support: $0.2500 (flipped from resistance).
 Resistance:
 T1: $0.2650 (Premium zone).
 T2: $0.2700 (Weekly high).
 Equilibrium: $0.2550.
 

 Trade Setup (Confidence Level: 8/10): 
 
 Entry Zone: Current price ($0.2588) or pullback to $0.2550.
 
 Targets: 
 
 T1: $0.2650
 T2: $0.2700
 Stop Loss: Below $0.2480 (recent POI).
 Risk Score: 7/10 (moderate risk due to extended move).
 

 Market Maker (MM) Analysis: 
 
 Heavy accumulation visible at $0.2450-$0.2500.
 Current phase shows distribution with sustained buying pressure.
 No significant divergences on RSI, supporting continued bullish movement.
 

 Recommendation: 
 
 Long position recommended at current levels or on pullback to $0.2550.
 Monitor consolidation near $0.2600 for breakout confirmation.
 Maintain tight risk management to protect against potential pullback.
 Confidence Level: 8/10 for bullish continuation.
 

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