TRX/USDT 1H: Discount Zone Accumulation – Ready for a Bounce?
2025-02-03
Category: None

TRX/USDT 1H Chart Analysis
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 Current Market Structure: 
 
 Bearish trend with strong selling pressure still dominant.
 Hidden Bearish Divergence confirmed on RSI vs price action from Jan 31 to Feb 2.
 Price currently sitting at $0.2285, testing key support level.
 
 Smart Money Activity: 
 
 Market Makers engineered a move to $0.2560 (premium zone) before aggressive distribution.
 Current phase suggests accumulation may be starting at discount zone.
 Liquidity hunt below $0.2300 could be part of MM strategy before reversal.
 
 Key Levels: 
 
 Entry Zone: $0.2285 - $0.2290 (support zone).
 Targets:
 T1: $0.2420 (previous equilibrium).
 T2: $0.2540 (FVG fill).
 Stop Loss: Below $0.2260 (recent swing low).
 
 Risk Score: 
 
 7/10 (Moderate risk – favorable R:R setup).
 
 Market Maker Intent: 
 
 MM appears to be accumulating at current levels for a potential bounce play.
 Volume profile suggests liquidity building up in the discount zone.
 Wait for confirmation of higher timeframe support holding before entering longs.
 
 Recommendation: 
 
 Long positions are favorable within the $0.2285 - $0.2290 range.
 Maintain tight stops below $0.2260 for risk management.
 Monitor price action for confirmation of bullish structure before entering.
 
 Confidence Level: 
 
 7/10 for potential reversal play.
 
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