【$TRX Signal】Hold off on opening new positions until the downtrend momentum is confirmed to be exhausted

$TRX is experiencing a continuous decline, with the 4-hour candlestick chart showing an orderly downward structure. The price has broken below the previous support level. Currently, the order book depth is weak on the buy side, and the funding rate remains negative, indicating a bearish market sentiment. However, excessive negative funding rates also suggest that the bears may be overheating in the short term.

🎯 Direction: Hold off on opening new positions (NoPosition)

After a decline with no resistance, it is necessary to observe the response of the order book and candlestick closing patterns around the key support zone (near 0.2750-0.2760). Currently, the risk of directly getting caught in a sudden drop is too high. Wait for clear signs of a trend reversal (such as a long lower shadow, significant increase in buy-side depth, or a rapid rebound in funding rate) before evaluating entry opportunities. Small losses, big gains—profit from probability.

Trade here 👇 $TRX

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#Is the current market bottoming out or just waiting and watching?