【$TRX Signal】Pullback on Long + 1H Level Rebound Confirmation

$TRX The 1H level quickly rebounded after forming a lower shadow around 0.2787, currently trying to stabilize above the short-term moving averages. The 4H level remains in the lower part of the consolidation zone, but the rapid V-shaped reversal on the 1H chart indicates strong buying support below. Open interest remains stable, not indicative of major selling by large players, and a short-term rebound opportunity is brewing.

🎯Direction: Long

⚡Entry/Order: 0.2795 - 0.2800

🛑Stop Loss: 0.2770

🚀Target 1: 0.2825

🚀Target 2: 0.2845

🛡️Trade Management:

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

Depth Logic: The 1-hour RSI has rebounded from low levels to around 43, indicating weakening downward momentum. The key point is that when the price fell around 0.2787, open interest did not decrease significantly, suggesting that the selling pressure is mainly from short-term longs' stop-losses rather than large players dumping. The order book shows deep buy support in the 0.2790-0.2800 range, providing a foundation for the rebound. Negative funding rates also increase the potential for short covering.

View real-time market 👇 $TRX

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