TRX/USDT 1H: Discount Zone Accumulation – Ready for a Bounce?

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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