TRXUSD seems to be staying nicely in an . This seems like a good moment for a long position with worthwhile gains, while minimizing risks. A tight stop-loss helps reducing risks, where I see a choice between Support 1 and Support 2.
A is expected, based on Fibonacci retracements and validated by the previous high, so a cautious trader should consider taking profit there. If the is broken however, the upper part of the channel becomes the secondary target.
Personally, I've just taken a long position at 0.051 and will be aiming for targets 1 and 2. There might be an extra chance to scale up your position at the middle of the channel if it bounces.
Further information can be seen in the chart, including possible gains and R:R.