FX.co ★ rlemke | Cryptoanalytics from InstaForex

Long Position Strategy for TRX/USDT It is recommended to open a long position on TRX/USDT at the level of $0.11433. Set a stop-loss at the level of $0.11366 to control potential risks. Hourly Chart Analysis TRX is showing an upward trend over the past few days. Key resistance levels are forming along the path of the upward movement, where stop-losses are accumulating and a zone of price imbalance is forming. Trading Strategy Before entering the market, it is important to observe the accumulation of volumes at critical levels and activity in the order book. After confirming an upward impulse, the target will be to reach the next resistance level, where position closure or partial profit-taking is possible.