Scalping & Mid-Term Analysis for TRONMarket Overview:
Trend: TRX remains in an overall uptrend on higher timeframes, but short-term weakness suggests consolidation.
Key Levels:
Resistance: ~$0.261 - $0.265
Support: ~$0.236 - $0.240 (weak), ~$0.206 (stronger)
Indicators:
MACD: Neutral on the daily, slightly bullish on lower timeframes.
RSI: Recovering from oversold levels, attempting to build bullish momentum.
EMA: Price is above the 200 EMA, confirming long-term bullish structure.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Current Setup)
Why? TRX is holding key support levels but facing resistance at $0.261.
How?
Buy near $0.236, aiming for a scalp to $0.250 - $0.255.
Sell near $0.261 - $0.265, where resistance is strong.
Stop-loss below $0.233, as a break lower could trigger further decline.
🩸 2. Breakout Scalping (If Volatility Increases)
Trigger: A breakout above $0.265 or breakdown below $0.236.
Execution:
If TRX breaks $0.265, scalp long targeting $0.275 - $0.280.
If TRX drops below $0.236, scalp short to $0.220 - $0.206.
🩸 3. EMA Scalping
Why? Price is holding above the 200 EMA, meaning dips are being bought.
Execution:
Buy on EMA retest (~$0.236 - $0.240) if price doesn’t break below.
Sell near $0.261 resistance if price fails to push higher.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bullish → Neutral
Why?
TRX is still holding above key moving averages, confirming long-term strength.
However, it needs to break above $0.265 to trigger new upside momentum.
If $0.236 fails as support, a deeper correction to $0.220 - $0.206 is likely.
A confirmed breakout above $0.265 will target $0.280 - $0.300.
🔥 News & Market Context:
Market sentiment remains mixed, meaning TRX will likely trade in a range before making a bigger move.
Whales are likely accumulating near support, but without a strong catalyst, a breakout isn’t guaranteed yet.
Watch for Bitcoin’s movement, as TRX tends to follow overall market sentiment.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping the range is ideal, with buys near $0.236 and sells near $0.261.
🩸 Mid-term: Bullish unless TRX loses $0.236, which could shift momentum downward.
🩸 Ideal Play: Scalp long near support, but watch for rejection near resistance before entering larger positions.
👑 Final Verdict:
TRON is still holding strong, but facing key resistance at $0.261. If bulls can break it, expect $0.280 next. Otherwise, a retest of $0.220 - $0.206 is possible before the next leg up. 🔥
