Lingrid | TRXUSDT Bullish Setup. Potential Buying Opportunity for BINANCE:TRXUSDT by Lingrid

Lingrid | TRXUSDT Bullish Setup. Potential Buying Opportunity

The price perfectly fulfilled my last idea. The market exhibited a false breakout below the prior support level of 0.2170, essentially breaching the December low before subsequently rebounding. Price then surpassed the 0.2300 level, a previously respected resistance. On the weekly chart, a long-tailed candlestick formed, suggesting a potential price movement towards the resistance zone around 0.27000. I anticipate a retest of the channel border, as historical price action demonstrates multiple bullish reversals from this area. My goal is resistance zone around 0.2535

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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