TRX/USDT 1H: Distribution in Premium Zone – Downside to $0.2150?TRX/USDT 1H: Analysis
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Market Condition:
Price consolidating at $0.2220, maintaining a bearish bias with a distribution pattern evident.
RSI at 42.17 showing hidden bearish divergence, aligning with continued selling pressure.
Market Makers actively distributing within the $0.2230-$0.2250 zone.
Key Levels:
Resistance: $0.2250 (Fair Value Gap - FVG).
Support: $0.2200 (weekly low).
Critical Support: $0.2150 (major liquidity level).
Trade Setup:
Entry Zone: $0.2230-$0.2240.
Targets:
T1: $0.2200 (near-term support).
T2: $0.2150 (critical liquidity level).
Stop Loss: Above $0.2265 (clear invalidation).
Risk Score:
8/10 – Tight range offers favorable R:R, but high risk due to volatility near key levels.
MM Behavior:
Distribution phase evident at premium levels ($0.2230-$0.2250).
Likely targeting liquidity below $0.2200, with potential sweep of lows before any meaningful reversal.
Recommendation:
Wait for entry at resistance levels between $0.2230-$0.2240. Avoid chasing current price.
Maintain tight stops at $0.2265 to limit risk.
Downside bias suggests further movement toward $0.2150 before potential reversal.
Confidence Level:
7/10 – Bearish structure supports further downside, but key levels require monitoring for reversals.
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