【$TRX Signal】1H Oversold Rebound Trading, Sniping 4H Trendline Support

$TRX The 1H timeframe has stabilized with reduced volume above the key support level of 0.2860. RSI(1H) has fallen to 36, entering the oversold zone. The 4H timeframe remains in an upward channel. The current price is testing the lower boundary of the channel and EMA50(0.2841) resonance support area, presenting a technical rebound opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2865 - 0.2870 (Reason: 1H stabilization area, close to dense support levels)

🛑Stop Loss: 0.2850 (Reason: Break below the 4H channel lower boundary and previous low of 0.28615, indicating a breakdown of the technical structure)

🚀Target 1: 0.2890 (Reason: 1H EMA20 resistance and previous hour high)

🚀Target 2: 0.2910 (Reason: 4H previous high resistance level)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: 1H trend remains weak, indicating a left-side rebound)

- Execution Strategy: After reaching Target 1, move the stop loss up to the entry price of 0.2870. For the remaining position, look toward Target 2. If the price stalls around 0.2890, consider closing early.

Deep Logic: The price dropped sharply at 1 AM with increased volume, but open interest(OI) remained stable, indicating it’s not major selling but more like passive stop-losses by longs. The order book shows solid buy depth, with sell pressure concentrated between 0.2864-0.2865. Once broken, sell pressure above thins out. A bullish divergence is forming on the 1H RSI, coupled with negative funding rates, suggesting potential short covering squeeze. The 4H EMA50 is a mid-term critical support line that must be protected.

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