Technical analysis by MB2020MB2020 about Symbol TRX: Buy recommendation (9/6/2025)

The red cycle appears to have completed around the recent peak in July-August, indicating a potential reversal point. The price has approached the lower boundary of the ascending Fibonacci channel, which coincides with the completion of the red cycle. The interaction at this support could lead to a bounce if buying pressure increases, or a breakdown if selling continues, depending on subsequent candlestick patterns and volume. This confluence marks a critical area to watch for confirmation of the next trend direction.TARGET REACHED Dear friends, I warmly invite you to like this post, leave a comment with your thoughts, and share it with your friends. Your support truly means the world to me! Your likes, comments, and shares are incredibly inspiring and encourage me to create and share more analysis with you all. Thank you so much for your kindness and encouragement! Warm regards, Max