TRX/USDT 1H: Distribution in Premium Zone – Downside to $0.2150?
2025-02-06
Category: None

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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