Buying zone for best for TRX chain network

Trading Overview: The Buy Zone
The asset recently pulled back after peaking near $0.32 and is currently testing its primary ascending trend support.

Primary Buy Zone: $0.300 – $0.306.

This zone is considered a "high-confluence" area where several technical indicators meet, including the 21-period Exponential Moving Average (EMA) and the 0.618 Fibonacci retracement level.

Buying on a retest of this diagonal support allows for a low-risk entry into the prevailing uptrend.

Secondary Accumulation Zone: $0.288 – $0.298.

If the primary trendline is briefly breached, strong structural support exists near the $0.29 level, which previously acted as resistance.

Key Trading Levels & Targets
Upside Targets (Take Profit):

Target 1: $0.320 (Immediate resistance and psychological level).

Target 2: $0.330 (Supertrend resistance).

Target 3: $0.355 – $0.360 (Major supply zone/previous high).

Invalidation / Stop-Loss:

A decisive 4-hour close below $0.286.

Breaching this level would signal a failure of the rising structure and a potential shift back to range-bound or bearish trading.

Execution Strategy
Look for Bounce Confirmation: Wait for the price to show signs of stabilizing at the trendline (e.g., a "pin bar" or bullish engulfing candle) before entering.

RSI Confirmation: Watch for the RSI (currently around 63.70) to maintain its position above 50, which confirms continued bullish momentum.

Risk Management: Limit individual trades to 1–2% of your total capital and place stops roughly 0.5% beyond the key support levels to account for volatility.