TRX has shown a clear short-selling signal on the 4-hour chart, currently trading near 0.309 at a critical resistance level. From a technical perspective, the RSI indicator has entered the overbought zone (above 65), which typically suggests potential short-term pullback pressure.



Combined with Fibonacci analysis, the key level at 0.3086 is highly regarded by the market, and this price level has been tested 14 times historically. The current buy-sell order ratio reaches 1.95:1, indicating strong bullish momentum, but this also increases the risk of a reversal.

From the comprehensive technical indicator score, the overall signal strength is 84/100, with an effective period of about 8 hours. The ADX strength index is 30.1, reflecting a market in a moderate volatility state. Notably, the current volume shows a decreasing trend, with the main volume ratio at only 0.6x, suggesting reduced market participation and a higher likelihood of technical correction.

**Entry reference**: If bearish, consider looking for entry opportunities around 0.309, with position size controlled at approximately 1.3%. Set stop-loss at 0.313757, managing risk within 1.5%.

**Target levels**: First target 0.302165 (risk-reward ratio 1.5:1), second target 0.297528 (risk-reward ratio 2.5:1), third target 0.290573 (risk-reward ratio 4.0:1).

It should be noted that the current market sentiment is overall bullish, with a long-short ratio of 1.74:1, indicating an upward trend. Short-selling in this context requires extra caution; strict stop-loss enforcement and risk control per trade are recommended. Cryptocurrency markets are highly volatile; any technical signals are for reference only. Make sure to thoroughly assess your own risk tolerance before making decisions.
TRX2.6%
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SelfMadeRuggeevip
· 01-16 18:56
Still daring to short with decreasing volume? The order book ratio clearly shows it's a trap.
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HalfBuddhaMoneyvip
· 01-16 18:55
RSI overbought, still dare to short? This wave is easily crushed... --- Bullish 1.95:1 so strong, stop-loss on shorts needs to be tightly held --- Volume shrinking reversal? It's either cutting losses or诱空, just wait for the break to say --- 84-point signal valid for 8 hours... sounds impressive but I still wait for confirmation --- 0.309 this key level tested 14 times, is it time for a rebound? --- Bullish and bearish 1.74:1 still going short... our industry just loves to go against the trend and fight to the death, right? --- Such poor volume, still dare to open positions? Better to miss out than get trapped
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VirtualRichDreamvip
· 01-16 18:52
Even with such obvious overbought conditions, you still dare to chase longs? I don't have that courage.
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MEVSupportGroupvip
· 01-16 18:32
Speaking of RSI, it's already over 65. Do you still dare to chase long? I think shrinking volume to short is a good move.
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