Technical analysis by TradeWithMky about Symbol TRX on 3/23/2025

🚀 TRON (TRX) is stuck in a descending channel! But how can you trade this setup effectively? Let’s break it down:📌 What is a Descending Channel?A descending channel forms when price makes lower highs and lower lows, staying between two parallel trendlines. It shows a downtrend, but it also creates trading opportunities!🔥 How to Trade It?✅ Breakout Strategy: If price breaks above the channel and retests, it could signal a bullish move! (Potential target: $0.29)✅ Breakdown Strategy: If price drops below the key level, it might dump to the next support ($0.19).✅ Mid-Range Trades: You can short at resistance and long at support inside the channel – but only with strong confirmations!💡 Pro Tip: Always wait for confirmation candles before entering a trade to avoid false breakouts!📊 What do you think? Will TRX break out or dump? Comment below! 👇👇🔄 Tag a trader who needs to learn this! 🚀 #CryptoEducation #TradingTips #TRX #TradingView#Miracle #TradeWithMky #MegaAltseason 2025