TRON / TetherUSLong
TRX/USDT 1H: Bulls Eyeing $0.2700 After Breaking Key Levels
TRX/USDT 1H Chart Analysis (SMC Principles)
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Current Price: $0.2588
Market Structure:
Key Levels:
Trade Setup (Confidence Level: 8/10):
Targets:
Market Maker (MM) Analysis:
Recommendation:
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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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.