1. Quick Market Recap
Since the double top near 0.37 in mid-August, TRX has been under pressure. A strong spike down early September briefly shook the market, but buyers stepped in quickly, recovering the price back into the 0.35 zone.
However, momentum faded, and the coin started to roll back again.
2. Key Question
Is this pullback simply a healthy correction in a broader bullish trend, or the start of a deeper breakdown?
3. Why I Lean Toward a Buying Opportunity
• The overall trend remains bullish despite the correction.
• The quick recovery from the September spike showed strong buyer interest.
• Supports at 0.30 and 0.2750 align with attractive long-term accumulation zones.
4. Trading Plan
• If price breaks below 0.33, I will watch for a retest of the 0.30 support — a strong level that held earlier this month. For me, this is a medium to long-term entry opportunity.
• If the correction extends deeper toward 0.2750, I plan to DCA (dollar-cost average) into the position.
• My medium/long-term target remains 0.50, aligning with the bullish structure of TRX.
5. Final Note
Corrections in bullish markets are often where the best opportunities appear. TRX fits this pattern well, and in my opinion, it’s shaping up as a solid candidate for accumulation with a 0.50 target 🚀
Since the double top near 0.37 in mid-August, TRX has been under pressure. A strong spike down early September briefly shook the market, but buyers stepped in quickly, recovering the price back into the 0.35 zone.
However, momentum faded, and the coin started to roll back again.
2. Key Question
Is this pullback simply a healthy correction in a broader bullish trend, or the start of a deeper breakdown?
3. Why I Lean Toward a Buying Opportunity
• The overall trend remains bullish despite the correction.
• The quick recovery from the September spike showed strong buyer interest.
• Supports at 0.30 and 0.2750 align with attractive long-term accumulation zones.
4. Trading Plan
• If price breaks below 0.33, I will watch for a retest of the 0.30 support — a strong level that held earlier this month. For me, this is a medium to long-term entry opportunity.
• If the correction extends deeper toward 0.2750, I plan to DCA (dollar-cost average) into the position.
• My medium/long-term target remains 0.50, aligning with the bullish structure of TRX.
5. Final Note
Corrections in bullish markets are often where the best opportunities appear. TRX fits this pattern well, and in my opinion, it’s shaping up as a solid candidate for accumulation with a 0.50 target 🚀
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.