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:

• 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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