【$TRX Signal】1H level pullback confirmation, trap short and rebound

$TRX The 1H level is consolidating with decreasing volume around a critical support area, with the price staying just below the EMA20. The 4H trend remains upward. Currently, the price is declining but open interest is stable. Combined with negative funding rates, this is a typical short squeeze structure, with clear main force support. The 1-hour RSI has entered oversold territory, and a rebound is imminent.

🎯 Direction: Long

⚡ Entry/Order: 0.2813 - 0.2842

🛑 Stop Loss: 0.2795

🚀 Target 1: 0.2875

🚀 Target 2: 0.2900

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back and breaks below the moving stop, exit all positions.

Depth Logic: Market depth data shows unusually thick buy orders below, forming a strong support wall. Volume-price divergence appears on the 1H chart, with new lows in price but shrinking trading volume, indicating the exhaustion of the bears. The 4H EMA50 provides strong trend support. Open interest remains stable during the decline, suggesting not main force selling off but passive long liquidation. Negative funding rates persist, with shorts paying fees. A rebound will trigger a short squeeze.

View real-time market 👇 $TRX

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