【$TRX Signal】Two-way Pending Order Script: 1H Triangle Convergence End, Waiting for Breakout Direction

$TRX The 1H level price is extremely converged between EMA20 (0.2854) and EMA50 (0.2851), forming a narrow-range oscillating triangle. The 4H level is also consolidating above EMA20 (0.2848), with stable open interest, but buy depth is significantly weaker than sell depth (depth imbalance -8.8%), indicating intense confrontation between bulls and bears, about to choose a direction. The current price is sticky, not suitable for direct entry; wait for direction confirmation.

🎯Direction: Watch and Wait (Two-way Pending Order)

⚡Scenario One: Breakout Upwards for Long

🎯Entry/Pending Order: Breakout Buy @0.2858(Reason: Stand firm above 1H EMA20 and break through recent 1H box top)

🛑Stop Loss: @0.2845(Reason: Break below 4H EMA20 and triangle lower support)

🚀Target 1: @0.2873(Reason: Previous high resistance)

🚀Target 2: @0.2888(Reason: 1.618 Fibonacci extension level)

⚡Scenario Two: Breakdown Downwards for Short

🎯Entry/Pending Order: Breakdown Sell @0.2847(Reason: Break below 1H EMA50 and triangle lower support, confirming weakening)

🛑Stop Loss: @0.2859(Reason: Reclaim above 1H EMA20 and triangle upper boundary)

🚀Target 1: @0.2832(Reason: Previous low support)

🚀Target 2: @0.2815(Reason: 4H level previous low and ATR target level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Direction is unclear, belongs to breakout game, higher risk)

- Execution strategy: After any one direction pending order triggers, if the price moves favorably towards that direction, move the stop loss to the entry price at Target 1 to break even. Only execute the first triggered order, the other automatically cancels.

Depth logic: Price consolidates with reduced volume at key moving averages, with stable open interest, a typical pre-reversal sign. The order book shows heavy selling pressure, but the 4H EMA20 (0.2848) support below is strong. Negative funding rate (-0.0114%) suggests shorts need to pay fees, and if the price does not fall, a short squeeze may occur. The key is whether the price breaks above 0.2858 or falls below 0.2847, which will determine the next short-term momentum direction.

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