Lingrid | TRXUSDT continues to MOVE Sideways in the RANGE

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TRXUSDT market is currently making higher highs and higher lows. However, it continues to oscililate around the key level at 0.2500. On the weekly timeframe, the price action is within a consolidating zone, meaning it is trading within the previous weekly range. As the price has now reached the top of this consolidation zone, there is a potential for a reversal. Given this context, I expect the market to move lower from this level, as it hits resistance at the top of the consolidation zone and channel border. My goal is support level at 0.2450

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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