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Recently, the market sentiment towards TRON has been quite interesting—amidst the fluctuations of major cryptocurrencies, TRX has shown relative stability, while Zcash has faced considerable pressure. This comparison is worth noting.
From a technical perspective, TRX is currently priced at $0.279653, in a typical consolidation phase. The RSI indicator reads 47.6, indicating it is neither overbought nor oversold, which often suggests the market is accumulating directional strength.
The key support level is set at $0.268500, with resistance above at $0.290800, and most importantly, the breakout point at $0.286600. If TRX can hold steady at this level, the certainty of subsequent upward movement will significantly increase.
In practical trading terms, consider this approach: first, allocate a basic position near the current price, about 10% of total funds. Once the price breaks above $0.286600 and is confirmed effectively, gradually increase the position to 30%. For risk management, set the stop-loss at the support level of $0.268500; if it falls below, exit the position immediately.
Regarding profit targets, focus on the resistance at $0.290800. After breaking through, continue holding and observe whether it can push higher. The key to this market is patience—waiting for confirmation of the breakout without rushing.
What are your thoughts on this market?