TRON

The short-term downturn in market momentum saw <a href="https://www.blockhead.co/tag/tron/" rel="noopener noreferrer nofollow">Tron</a> (TRX) quickly retest the new support level of $0.1085. This was after buyers flipped the resistance level to support with a 10% pump.
This retest of the support level provides a low-risk entry for buyers with TRX still firmly on an upward trajectory.
<h3 id="bulls-sustain-momentum-despite-price-dip">Bulls sustain momentum despite price dip</h3>
The bullish attempt to break past the $0.1085 had been repelled multiple times over the past month. However, the break of the level has positioned TRX for further gains.
With the bearish pushback producing a quick retest of the new support level, buyers can adopt a short and long-term strategy to maximize profits.
The short-term strategy can see buyers enter at the current market price of $0.1091 with a profit target of $0.12-$0.13 for 10-15% gains.
On the other hand, the long-term target lies at $0.16 for 50% returns. However, buyers must scale the significant selling pressure at $0.14 for the long-term profit target.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/92acf5966619413a806d28c9853cbe66.png">TRX/USDT Price Chart on TradingView (Daily Timeframe)
An analysis of the on-chart indicators showed growing buying momentum. Despite the price retracement, the Relative Strength Index (RSI) stood at 56. This hinted at a willingness of buyers to hold their positions in anticipation of a price reversal.
Furthermore, the Chaikin Money Flow (CMF) highlighted the capital inflow back into TRX with the indicator nearing the zero mark.
With the four-hour time frame producing a bullish candle close above the support level, TRX can seize this opportunity to ride the higher low for decent short-term gains.
Entry: $0.01091 (CMP)Target: $0.12-$0.13Stop loss: $0.107Key price levels to watch: $0.0108
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Tron: Price Analysis for 10-15% Gains

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