TRX current price 0.3173, is close to the Bollinger upper band (97% position) and RSI 72, short-term overbought; however, buy wall 1.51× sell orders, spot inflow 59M, bulls still dominate. Strategy: Buy on pullback at 0.314-0.315 HVN low, stop loss at 0.312, target at 0.325 HVN, risk-reward ratio 3.3; if it breaks out with volume above 0.318 LVN, chase long, stop loss 0.3165, target 0.33. Risk: Slowing accumulation of positions, funding rate turning positive, beware of pullback after a spike.

【Key Ranges and Volume Distribution】
1. Value anchoring area: POC 0.3008 (1055M transaction), serves as the 'value center' for the month; if it holds on a pullback, it is considered healthy.
2. High volume area: 0.314-0.316 and 0.324-0.325 as two major HVN, providing buffers for low buying and high selling.
3. Low volume gap: 0.3177-0.3183 with only 296M transactions, is a 'vacuum zone' that bulls must quickly break through; if it drops below 0.312, the lower LVN 0.308-0.310 is also thin, making it easy to accelerate.
4. 70% volume coverage area: 0.299-0.330; current price is at the upper edge, short-term overbought.

【Momentum Verification】
• 0.314-0.316 HVN: Up Vol accounts for 52%, long-short balance, can be seen as a buying point on pullback.
• 0.325 HVN: Up Vol only 49%, sellers start to accumulate, suitable for short-term profit-taking.
• Net inflow of contracts in the past 8h was 11.12M, but 1h/4h has net outflow, momentum is decaying.

【Bollinger Bands and Position】
• Price is close to the 1h Bollinger upper band at 0.3175, MA200 at 0.3137 is still trending upwards, the trend is not broken.
• 24h OI +7.06%, but the Long/Short ratio has decreased from 1.50 to 1.40, indicating a slowdown in bullish accumulation.

【Market Cycle】
Currently in a 'high position consolidation' phase within a mid-term upward channel. If the 0.30-0.305 range is broken, it will turn into high-level oscillation.

【Trading Strategy】
A. Buy on pullback (Conservative)
Entry: 0.314-0.315 (Lower edge of HVN)
Stop Loss: 0.312 (Recent HVN outside -0.5ATR ≈ 0.0013)
Target: 0.325 (Upper HVN)
Risk-Reward Ratio: (0.325-0.3145)/(0.3145-0.312)=3.3

B. Buy on breakout (Aggressive)
Entry: 15m close stabilizing above 0.3183 (Upper edge of LVN) and Up Vol > 60%
Stop Loss: 0.3165 (Breakout K-line low -0.5ATR)
Target: 0.330
Risk-Reward Ratio: (0.330-0.3183)/(0.3183-0.3165)=6.5

【Risk Control Tips】
• Key Invalidity: Drop below 0.312 with volume, or sudden OI drop > 3%, stop loss immediately.
• Position: Single trade risk ≤ 1% of account, leverage ≤ 3 times.
• Time: Avoid 30 minutes before and after UTC+0 08:00 funding rate settlement to prevent spikes.

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