TRX/USDT Breakout Setup – Eyes on 0.298–0.332 Fibonacci Targets

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.