TRX Technical Analysis Feb 18

TRX is stuck in a narrow range at the $0.28 level and is trying to hold above the critical support at $0.2814; under downward trend pressure, RSI at 45.73 gives neutral-bearish signals.

Current Price Position and Critical Levels

TRX is consolidating around $0.28 within the overall downtrend. On the daily timeframe, it is trading below EMA20 ($0.28), which gives a short-term bearish signal. The Supertrend indicator is bearish and shows resistance above $0.30. The 24-hour change is limited at -0.74%, with volume at a moderate $107M level. Multi-timeframe (MTF) analysis detected a total of 12 strong levels on 1D/3D/1W: 2 supports/4 resistances on 1D, 2S/1R on 3D, 1S/3R confluence on 1W. Price is in a liquidity collection zone, with $0.2814 support and $0.2825 resistance critical for a potential breakout.

Support Levels: Buyer Zones

Primary Support

The $0.2814 level (score: 90/100) stands out as the strongest buyer zone. This level coincides with the order block on 1D and 3D timeframes; it has been tested and rejected twice in the last 7 days, with high-volume buying traces (volume spike 150%). It also provides confluence with the weekly Fibonacci 0.618 retracement. Historically, it formed the bottom of the November 2025 rally, with buyers entering due to liquidity pool (stop-loss collection) effect. As price approaches here, we can expect long wicks and doji candles; if it holds, it’s ideal for a bounce.

Secondary Support and Stop Levels

$0.2741 (score: 67/100) acts as secondary support in the 1W timeframe demand zone. It overlaps with EMA50 (~$0.275) on the 3D chart, with an 80% hold rate across three past tests. According to volume profile, low liquidity but swing low confluence. Invalidation level below $0.2741 at $0.2700; if broken, downtrend accelerates and $0.2540 downside target activates (R/R 1:2.5). $0.2730 recommended for stop-losses, high liquidity sweep risk.

Resistance Levels: Seller Zones

Near-Term Resistances

$0.2825 (score: 72/100), the nearest seller zone; just above current price and 1D supply zone. Coincides with EMA20, rejection observed in the last 48 hours (shooting star candles), selling pressure in volume at 120%. First obstacle for short-term breakout; confluence with pivot point R1.

Main Resistance and Targets

$0.2884 (score: 71/100) and $0.2946 (score: 70/100), main resistance cluster. $0.2884 is strong on 3D timeframe breaker block and weekly Fibonacci 0.786; 75% rejection across four historical tests, high volume short positions. $0.2946 is 1W supply imbalance, key to upside target at $0.3210 (score 51). Volume increase and MTF confirmation required for breakout; otherwise, fakeout risk. Upside R/R 1:3 potential.

Liquidity Map and Big Players

Big players (smart money) are hunting liquidity below $0.2814 support; ideal for stop hunts (long position stops). Above, sell-side liquidity pool between $0.2825-$0.2884 could trigger short squeeze post-breakout. Order flow analysis points to 1D imbalances toward $0.2741. Volume delta negative, institutional selling dominant; equal highs/lows pattern confirms liquidity grab. In the downtrend, buyers may be accumulating positions at the $0.2814 order block.

Bitcoin Correlation

BTC at $67,718 level (-0.89%) in downtrend, Supertrend bearish; altcoins like TRX show high correlation (0.85). BTC supports at $66,602/$62,910/$60,000 critical; if broken, TRX dragged to $0.2741. BTC resistances at $67,977/$71,159; BTC rally accelerates TRX test of $0.2884. Dominance increase pressures alts, watch if BTC stays below 66k.

Trading Plan and Level-Based Strategy

Level-based outlook: Hold above $0.2814 > long bias, $0.2825 breakout > $0.2884 target (stop $0.2800). Downside break below $0.2741 < short, target $0.2540 (stop $0.2830). Wait for MTF confirmation, look for RSI divergence. Details in TRX Spot Analysis and TRX Futures Analysis. This analysis is not investment advice; risk management is essential (position risk 1-2%).