Hey! Whats up?
My trading analysis of TRX/USDT. TRX is looking good with a very good uptrend back from July-21. My simple and brief technical analysis says that it is trading on a critical price tag and reversal or breakout my occur from here onward as the Resistance & Trend Lines both coincide here.
Source: https://www.binance.com/en/trade/TRX_USDT
My resistance and support points:
S1: 0.0894
S2: 0.0828
R1: 0.1065
R2: 0.1222
My trading preference would be after the breakout of first resistance where both trend line and R1 coincides as it my avoid trend reversal from there onward and next target may be R2 and I will take a trade profit from R1 to R2 and exit. My SL will be 0.100.
The analysis is according to my little knowledge and experience of trades and it may go in reverse so everybody should take his own risk and trade accordingly. Thank you!