【$TRX Signal】Hold cash + Narrow-range oscillation, wait for confirmation of direction

$TRX is oscillating narrowly around the 4-hour EMA20 (0.2777), with price action showing intense battle between bulls and bears but lacking a decisive breakout. Depth imbalance of -28.62% and sparse buy orders indicate heavy selling pressure above, and institutions have no intention of strong support at this price level.

🎯 Direction: Hold cash

Market analysis: Price repeatedly tests within the 0.27598-0.28047 range. The latest 4-hour candlestick’s buy/sell ratio has dropped to 0.45, indicating weakening upward momentum. Open interest remains stable, but the funding rate is slightly positive (0.01%), suggesting neither a short squeeze nor a main force covering longs. This is a typical non-trending oscillation.

Core logic: RSI at 55.05 remains neutral, ATR is only 0.0018, and volatility has contracted to the extreme. Although the price is above EMA20, EMA50 (0.2787) acts as resistance, and the order book shows ask orders significantly thicker than bids, lacking liquidity support for sustained upward movement.

Currently, the market is in an inefficient oscillation, with risk-reward ratio unable to meet the strict >1.5 rule. Key observation points: a genuine breakout above 0.2805 (accompanied by rising open interest and increased depth buy orders) would turn bullish; a break below 0.2760 (previous support) could trigger a new downtrend. Until then, holding cash is the only positive expectation choice.

Trade here 👇 $TRX

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