【$TRX Signal】Long - 1H Breakout of Previous High, Capital Inflow Supports the Market

$TRX The 1H timeframe has broken through the recent oscillation high of 0.2825 with increased volume and has stabilized above the EMA20 (0.2807), showing short-term strength. The 4H timeframe has closed positively for consecutive periods, breaking through the EMA20 (0.2788) resistance, shifting the trend from consolidation to upward. The current price is close to the intraday high, with good buying depth, stable open interest, and clear main force support.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2826 - 0.2828 (Reason: Pullback after breakout confirms support area, 1H candlestick body support )

🛑Stop Loss: 0.2814 (Reason: Break below 1H EMA20 support and previous candlestick low )

🚀Target 1: 0.2845 (Reason: Resistance at the previous small wave high on the 4H level )

🚀Target 2: 0.2865 (Reason: 0.618 Fibonacci retracement level of the recent decline on the daily chart )

🛡️Trade Management:

- Position Size Suggestion: Light Position (Reason: Although it’s a breakout, the 1H RSI has already exceeded 70, so risk of chasing high needs to be controlled )

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop-loss to entry price. Hold the remaining position to aim for Target 2. If the price stalls near Target 1, consider exiting all positions.

Depth Logic: During the upward movement, the open interest (OI) remains stable, indicating that it’s not just short covering but genuine capital inflow supporting the move. The order book shows buy depth accumulating around 0.2826, providing immediate support. Although the 1H RSI is high, it has not become dull, leaving room for further upward movement. The key risk is if the overall market weakens, it could trigger profit-taking.

Trade here 👇 $TRX

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