As you can see from the chart TRX
is reaching the end of the pennant
and this clearly means that we'll see a breakout, if volume
increase. Theoretically speaking it should break the yellow support line at 395 but there is also the opportunity to form an uptrend. If this scenario happen, if there will be a breakout of the resistance line, we'd expect a huge growth in price. If price goes down that yellow support line there will be another support at 333 sats
. If it breaks too, another one is at 220.
Before entering every trade wait for the breakout.