【$TRX Signal】1H timeframe decreasing volume pullback, burying EMA50 support for rebound

$TRX The 1H timeframe is pulling back with decreasing volume to key EMA50 support, with prices oscillating narrowly in the 0.2815-0.2820 range, and buying depth remains decent. The 4H timeframe is still within the 0.280-0.284 box, but open interest remains stable, with no signs of panic selling. The current decline is accompanied by negative interest rates, indicating potential for a short squeeze rebound. The 1H RSI is approaching oversold territory, waiting for stabilization signals.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2812 - 0.2815 (Reason: 1H EMA50 dynamic support & dense zone of previous hour’s lows)

🛑Stop Loss: 0.2805 (Reason: Break below recent 4H consolidation lower boundary & ATR stop loss)

🚀Target 1: 0.2830 (Reason: 1H resistance at previous high & near the daily opening price)

🚀Target 2: 0.2845 (Reason: Resistance at the upper boundary of the 4H box)

🛡️Trade Management:

- Position suggestion: Light position (Reason: 4H trend is unclear, this is only a 1H rebound play)

- Execution strategy: After reaching Target 1, move stop loss to break-even at entry price. For remaining position, look toward Target 2; if the 1H candle closes below EMA20 (0.2823), consider exiting early.

Depth logic: Market logic indicates a price decline, but open interest remains stable, suggesting it’s not major players offloading, but rather passive reduction of longs. Order book imbalance is only -0.01%, with buy and sell forces relatively balanced. The 1H RSI (42.5) has room for rebound, with large buy orders at 0.2810-0.2815 providing short-term support. Coupled with negative interest rates, if the price stalls here, it could easily trigger a short squeeze rebound.

Trade here 👇 $TRX

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