【$TRX Signal】1H level weak oscillation, waiting for a key breakout or pullback confirmation

$TRX The 1H level is consolidating weakly below EMA20 (0.2854), with the price slightly declining but trading volume shrinking, typical of a no-direction oscillation. The 4H trend is unclear, but the 1H RSI (37.76) is approaching oversold territory, and open interest (OI) remains stable, showing no signs of panic selling. The current price is testing support levels, with sell orders accumulating at 0.28439 (66,653), while buy depth below at 0.28438 (43,957) is also substantial, forming a short-term standoff. Market logic suggests a potential decline; OI should be considered. Currently, OI is stable, indicating more of a bull trap shakeout rather than main force distribution.

🎯Direction: Wait and see (Pending orders )

⚡Order strategy:

1. 【Breakout Buy】If the price strongly breaks through and stabilizes above 1H EMA20 (0.2854) with increased buying volume, enter long in the 0.2856-0.2860 range.

2. 【Pullback to Long】If the price pulls back to strong support zone 0.2832-0.2835 (recent lows + dense order book area) and 1H RSI shows bullish divergence, enter long.

🛑Stop loss: Set based on entry point, stop loss for breakout buy below 0.2840; for pullback long, stop loss at 0.2825.

🚀Target 1: 0.2875 (recent minor resistance)

🚀Target 2: 0.2895 (near previous high)

🛡️Trade management:

- Position size suggestion: Light. Reason: 4H trend is unclear, relying solely on 1H signals carries higher risk.

- Execution strategy: Once any pending order is triggered and reaches Target 1, reduce position by 50%, and move stop loss to entry price. Remaining position targets Target 2; if price stalls near Target 1, consider exiting all.

Depth logic: Currently, bulls and bears are fiercely contesting, but there is no decisive momentum. The 1H RSI approaching oversold suggests potential for a rebound. The key is whether OI can rise in tandem with the price rebound, confirming new buying interest. The order book imbalance is -16.99%, with slightly more sell pressure than buy pressure, but not overwhelming. Wait for one side to weaken before a counterattack opportunity.

Check real-time market 👇 $TRX

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