$TRX — 1H Chart 👀
TRX is looking slightly bearish on the 1H right now. Price is still below the Supertrend at 0.3328, while the recent low sits at 0.3309.
The bounce from 0.3309 is worth watching, but I wouldn't call a reversal yet. The key is whether TRX can reclaim 0.3328–0.3330.
SHORT SETUP — preferred
🎯 Entry: 0.3325–0.3330
🛡️ SL: 0.3342
TP1: 0.3310
TP2: 0.3298
TP3: 0.3285
Chart read:
The overall 1H structure is still making lower highs, and the Supertrend remains red. The recent bounce looks more like a relief move for now rather than a confirmed trend reversal.
If price gets rejected around 0.3325–0.3330, the setup favors another move toward 0.3310 and potentially lower.
On the flip side, if TRX gets a clean 1H close above 0.3330, I'd step away from the short and reassess. That would give buyers a better shot at pushing toward 0.3347–0.3360.
Long confirmation: above 0.3330
Bearish invalidation: above 0.3342
My take: Don't force a trade in the middle. Let TRX show its hand around 0.3328. That's the level I'd be watching most closely. 📊
#TRX
TRX is looking slightly bearish on the 1H right now. Price is still below the Supertrend at 0.3328, while the recent low sits at 0.3309.
The bounce from 0.3309 is worth watching, but I wouldn't call a reversal yet. The key is whether TRX can reclaim 0.3328–0.3330.
SHORT SETUP — preferred
🎯 Entry: 0.3325–0.3330
🛡️ SL: 0.3342
TP1: 0.3310
TP2: 0.3298
TP3: 0.3285
Chart read:
The overall 1H structure is still making lower highs, and the Supertrend remains red. The recent bounce looks more like a relief move for now rather than a confirmed trend reversal.
If price gets rejected around 0.3325–0.3330, the setup favors another move toward 0.3310 and potentially lower.
On the flip side, if TRX gets a clean 1H close above 0.3330, I'd step away from the short and reassess. That would give buyers a better shot at pushing toward 0.3347–0.3360.
Long confirmation: above 0.3330
Bearish invalidation: above 0.3342
My take: Don't force a trade in the middle. Let TRX show its hand around 0.3328. That's the level I'd be watching most closely. 📊
#TRX