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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.