TRXUSDTHello eveyone,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for TRXUSDT
R2 and R1 on the top of this chart is our resistance area that includes the disability of the price to rise. S1 is a 4-hour support line. And we have S2 and S3 that are support areas with their support of price at different points even since the past. Therefore, we see the price had a kind of neutral behavior after it experienced a rise toward R1 and now it is fluctuating below this area. We believe it would resume its rise up to R1 and by providing us some confirmation candles for the purpose of a fall, a decline will happen to it to reach S1 or more to S2 area. Bear in mind that the best time for putting your trade orders would be the returning time of price after reaching lower amounts. But by the time the price is able to rise over R1 and is able to fluctuate more, then more rise would be expected for it. You should check every detail and information before putting your trade orders and then wait for a proper time to have your next action. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
