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I've been watching TRX's recent movements, and honestly, the current market structure looks quite interesting.
Last night, I sat down and carefully analyzed the chart. TRX is currently around $0.278368, with an RSI reading of 49.7, indicating it is neither overbought nor oversold. This kind of point is actually quite critical—it suggests that the bulls still have room to exert strength.
From a technical perspective, TRX has been oscillating between $0.267200 and $0.289500, seemingly accumulating energy for a breakout. Especially since the RSI hasn't entered the overbought territory, this means that if it can break through the resistance at $0.285300, a strong upward move is likely to follow.
Honestly, I remain quite optimistic about TRX's prospects. The underlying technical team is reliable, and this recent correction has fully released some of the previous pressure. Market sentiment has been gradually recovering, and it feels like TRX could become a leading performer in this wave of market activity.
My personal approach is this: I will focus on the breakout level at $0.285300. Once confirmed, I might consider a small tentative position. But risk management comes first—if it falls below the support at $0.267200, I will cut losses without hesitation. After all, in trading, surviving long enough is more important than anything else.
Friends interested are welcome to share your views and discuss the logic behind this asset.