$TRX

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🧨 Trading strategy: Prioritize SHORT if unable to surpass the red cloud area

✅ Main scenario: Short according to Ichimoku resistance + overbought signal

• Entry: 0.272–0.275 USDT (resistance area of the red cloud and EMA cluster blocking the way).

• Entry condition: There is a bearish reversal candle (e.g., doji, shooting star), or Stoch RSI cuts down from the overbought zone.

• Stop-loss: 0.278 (beyond the cloud + breaking the MA resistance zone).

• Take-profit:

• TP1: 0.263 (nearest support).

• TP2: 0.255 (nearest technical bottom).

🔄 Secondary scenario: Long breakout if it surpasses 0.278
• Only consider LONG when the H4 candle closes above 0.278, completely breaking through the cloud.

• Target breakout TP: 0.288.

• Stop-loss: Below 0.270.

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📊 Detailed technical analysis – Why should we be cautious of a dump?

🔎 Ichimoku Cloud

• Price is approaching the red cloud resistance – a very easy area to be rejected.

• Tenkan has crossed above Kijun but all are still below the cloud => weak signal.

• Chikou Span is below the price => the larger trend has not yet reversed.

📉 EMA & SMA

• EMA 34 and EMA 89 are still above the price => act as dynamic resistance.

• SMA 9 is ‘capping’, causing pressure from above.

🔄 Stochastic RSI (14 and 84)

• Both indicators are in the overbought zone:

• Stoch 14: 96.25 / 93.08

• Stoch 84: 16.64 / 12.75 (just exited the bottom => not confirmed reversal)

• Risk of prolonged overbought and sudden reversal.

🔻 MACD

• MACD line is still below zero, weak signal.

• Histogram is contracting => warning of imminent strong volatility, potential dump if the price cannot stay above 0.275.

🚨 Bollinger Band %B

• Price is near the upper band (%B = 0.88) => overbought area, potential for a reversal.

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🧠 Conclusion:

• TRX is testing the red cloud – the boundary between hopeful price increase and a dump back to old lows.

• Technical signals leaning towards a potential bearish reversal if a successful breakout does not occur.

• Low-risk short strategy – clear profit – suitable for trend-following traders.

$SOL $MANTA

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