TRON $TRX Local Bottom example
4H Chart $TRX finding support on exhaustion candle. Using Pivots High Low to identify Support and Resistance
$ TRX on the Binance US exchange has found support at $0.063. The 4H chart shows how Pivots High Low can help identify support and resistance, and price direction changes. The Low Pivot on this chart shows a local bottom and happened on an exhaustion candle with very low volume. Low volume on a downtrend could indicate a change in trend direction.
The overall price action of $ TRX is still on a downtrend on the daily and weekly charts.
The premium indicator applied to the chart has recently triggered a BUY signal on the $TRXUSDT pair.
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