$TRX โ€Œ 1H Technical Analysis | Bulls Pressing Into Resistance ๐Ÿ“ˆ



$TRX is showing a constructive structure on the 1H timeframe, with the daily and weekly charts also supporting the bullish thesis. We have a sequence of higher highs and higher lows, so unlike many counter-trend setups, the long bias is currently aligned with TRX's broader structure.

The main complication is the bearish BTC backdrop, which means I still want confirmation before assuming this move can continue cleanly.

๐ŸŸข Bullish structure remains intact

The key support/reclaim area I'm watching is 0.3356โ€“0.3360.

As long as price continues to respect this area and maintains the latest higher-low structure, buyers remain in control.

However, volume is extremely quiet at around 0.02x, so this isn't a setup where I'd chase momentum blindly.

Instead, I'd prefer to see a liquidity sweep followed by a strong reclaim.

The ideal confirmation would be:

Quick sweep below the latest higher low

Reclaim of 0.3356โ€“0.3360

Bullish engulfing or strong rejection candle

5M/15M bullish market-structure shift

Volume expansion during the reclaim

That combination would provide much stronger evidence that buyers are actually stepping back in.

๐ŸŽฏ First target: 0.3375

The immediate objective is the latest swing high around 0.3375.

This is the first major liquidity area and could attract profit-taking.

If $TRX reaches 0.3375 and breaks through with strong momentum, I would then watch the 0.3378โ€“0.3380 supply zone.

A clean breakout followed by a successful retest would strengthen the continuation thesis.

๐Ÿš€ Bullish continuation scenario

The ideal roadmap is:

Sweep/reclaim 0.3356 โ†’ bullish confirmation โ†’ 0.3375 โ†’ breakout โ†’ 0.3378โ€“0.3380

If buyers can establish acceptance above 0.3375 rather than simply wicking through it, the next supply zone becomes the obvious area to monitor.

But given the extremely low volume, I want to see participation increase before treating a breakout as genuine.

๐Ÿ”ด Bearish invalidation

The key level separating the bullish and bearish scenarios is 0.3356.

If $TRX loses this level and prints a decisive 1H close below 0.3356, the current bullish structure would be compromised.

At that point, I'd stop looking for longs and wait for a new structure to form rather than trying to force the bullish thesis.

The bearish scenario becomes even more interesting if the loss of 0.3356 comes with expanding sell volume and a failed reclaim from below.

๐Ÿ“Œ Key levels

Bias: Bullish
Reclaim zone: 0.3356โ€“0.3360
Resistance / liquidity: 0.3375
Supply: 0.3378โ€“0.3380
TP1: 0.3375
TP2: 0.3378โ€“0.3380
Bullish invalidation: 1H close below 0.3356

๐Ÿง  Final outlook

$TRX has the structure bulls want: higher highs, higher lows, and bullish daily/weekly alignment.

The main concern is the combination of bearish BTC conditions and extremely low volume. That makes confirmation especially important.

I'm not interested in buying simply because price is approaching the swing high.

I want to see either a liquidity sweep and reclaim around 0.3356โ€“0.3360, or a confirmed breakout of 0.3375 followed by a successful retest.

Let the structure confirm the move. Don't let the low-volume breakout confirm it for you.

Educational technical analysis only โ€” not financial advice.
TRX-0.26%
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