TRX/USDT Trading Plan 1H

$TRX ‌#WCTCTradingKingPK
Bias: Neutral / Cautious Bullish — Consolidation after a surge with weakening momentum. Patience is needed.
Chart Reading:
Price surged sharply to $0.34369 on 05-03, then immediately pulled back and has been range-bound for approximately 24 hours
Currently consolidating tightly between $0.337–$0.340 — compression phase after the surge
EMA nearly flat and converging (5: 0.33828, 10: 0.33825, 30: 0.33646) — no clear directional bias
BOLL Bands wide open but price is in the middle of the band — no advantage at this level
MACD: Bearish — DIF (0.00126) < DEA (0.00160), negative histogram — fading momentum
This is the weakest MACD reading among all 6 charts analyzed today
Two Scenarios
Scenario A — Bullish Breakout
Level
Price
Entry
Break and close above $0.33994 (BOLL UB)
Stop Loss
Below $0.33646 (EMA30)
Target 1
$0.34369 (retest of surge high)
Target 2
$0.34556+
Scenario B — Bearish Breakdown
Level
Price
Entry
Break below $0.33646 (EMA30)
Stop Loss
Above $0.33900
Target 1
$0.33429
Target 2
$0.32865
Main Observations:
TRX is the weakest setup of today’s batch — negative MACD while others are bullish
The 24-hour range after the surge shows sellers absorbing every upward push
Don’t chase — wait for a clean breakout of either $0.33994 or $0.33646 with confirmed close
If BTC continues to rise, TRX may follow but likely will perform worse than its peers today
Cancellation: No trade until the price clearly breaks out of the $0.337–$0.340 range.
Technical analysis only, not financial advice.