【$TRX Signal】Empty position + Weak consolidation awaiting direction

$TRX is consolidating weakly below EMA20, with a deep imbalance of -20.02% indicating heavy selling pressure and weak buying support.

🎯 Direction: Empty position

Market analysis: Price is being suppressed by EMA20 (0.2776) and EMA50 (0.2795). The 4H-level candlestick highs are gradually declining, indicating a bearish structure. Depth data shows sell orders (Asks) accumulating 67,566 contracts at 0.27712, far exceeding buy order volume, forming a clear resistance wall.

Logical core: Funding rate is -0.0082%, negative, but open interest (OI) remains stable (OI Trend: Stable), indicating no short squeeze structure, but rather market-wide bearish hedging. RSI at 47.47 is in a neutral to weak zone, with no oversold rebound momentum.

Key observation: Bulls need to increase volume to break through and hold above 0.2782 (recent 4H high) with rising OI to reverse the downward trend. Currently, there is no bullish logic support; shorting faces rebound risks in a negative funding rate environment, with poor risk-reward ratio.

Risk control core: The current win rate is insufficient. Patience is advised until the price makes a clear directional choice within the 0.2750-0.2782 range or shows clear order book buy absorption signals before making decisions.

Trade here 👇 $TRX

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