Saad Ullah
TRON's price action has been looking pretty solid lately, with TRX grinding steadily higher on the 15-minute chart. What's catching traders' attention is how cleanly it's holding above that 200-period moving average - that's usually a good sign that the bulls are in control.
TRX Price Eyes $0.3351 Resistance Break
Right now, TRX is creeping up toward $0.3351, which is where things get interesting. This level's been acting as resistance, so if we see a clean break above it with some decent volume, that could open the door for more upside.
The trader who posted this analysis on Twitter seems pretty confident about the setup, noting how the momentum indicators are all lining up nicely. It's one of those situations where the stars seem to be aligning for a potential breakout move.
Watching for TRX Price Pullback Entry at $0.3310
Of course, not every breakout happens immediately. Sometimes the market likes to shake things up with a pullback first, and that's where the $0.3310 level comes into play. If TRX decides to retrace a bit, this area could offer a solid entry point for anyone looking to jump on the bullish trend.
The beauty of this setup is that it gives traders options. You've got the aggressive play - buying the breakout above $0.3351 - or the more conservative approach of waiting for a dip back to $0.3310. Either way, as long as that 200 SMA keeps providing support and the RSI stays healthy, the bulls should remain in the driver's seat.
If momentum continues and we do get that breakout, traders will be watching for continuation toward higher targets. But if resistance holds firm, we might see some more sideways action while the market decides its next move.
Saad Ullah
