The post TRON Testing Key Support at $0.33 as RSI Shows Neutral Territory appeared on BitcoinEthereumNews.com.

Iris Coleman
Oct 08, 2025 13:52

TRX trades at $0.34 after a 2% decline, approaching critical support levels with RSI at 46.8 suggesting potential reversal opportunity for swing traders.

The Setup TRX price currently sits at $0.34, down 2.03% in the past 24 hours as the token approaches a critical technical juncture. The cryptocurrency is testing the lower boundary of its recent trading range, with immediate support at $0.33 coming into focus. The current setup presents a compelling risk-reward scenario for swing traders. TRX remains 14.5% above its 200-day moving average at $0.29, indicating the longer-term uptrend remains intact despite recent weakness. With RSI at 46.8, the token sits in neutral territory without being oversold, suggesting room for further downside before reaching traditionally oversold levels. The risk-reward ratio favors buyers at current levels, with strong support zones nearby and resistance targets offering meaningful upside potential. Entry Strategy The primary entry zone sits between $0.33 and $0.335, where previous support levels converge with psychological round numbers. Traders should wait for confirmation signals including a bullish divergence on the RSI or a hammer candlestick pattern on the daily timeframe. Volume confirmation remains crucial for any reversal attempt. The 24-hour volume of $93 million provides adequate liquidity, but traders should monitor for increased buying pressure on any bounce attempt from the support zone. An alternative entry strategy involves waiting for a pullback to the $0.30 level, which aligns with the 200-day moving average and represents a more conservative approach with tighter stop-loss placement. Risk Management Stop-loss placement should occur below the $0.30 support level, specifically at $0.295 to account for potential false breaks and market volatility. This placement provides a buffer while maintaining the integrity of the longer-term uptrend structure. Position sizing should reflect the…

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Filed under: News - @ October 9, 2025 10:25 am