Technical analysis by Mohammad_Mirdehghan about Symbol TRX: Buy recommendation (5/22/2025)

TRON (TRX) is showing a bullish continuation structure within an ascending channel, following a breakout from a falling wedge pattern. Currently, the price is consolidating inside a small bullish pennant, indicating a potential breakout to the upside. If this breakout materializes, it could trigger a rally toward the Fibonacci extension levels. 📌 Key Targets: 0.29849 (200% Extension) 0.31102 – 0.31222 (224% Cluster) 0.33207 (261.8% Extension) 📈 Technical Confluences: Price is trending steadily within an ascending channel Previous breakout from a falling wedge pattern confirms bullish sentiment Higher lows structure remains intact The pennant pattern typically resolves in the direction of the prevailing trend 📉 Invalidation Level: A breakdown below the lower trendline and 0.258 support would invalidate the bullish scenario. This chart setup offers a favorable risk/reward opportunity if the breakout is confirmed with strong volume.