$TRIA experienced a violent rebound of 13% after a sharp decline, but the 4H structure indicates a typical short-covering rally, rather than a healthy reversal. The price faced strong resistance at 0.01958 and formed a long upper shadow. Key data: Taker Volume shows net selling, funding rates remain negative, but open interest is stable, indicating the rebound is driven by short covering, not new long positions. The buy/sell order ratio continues to stay below 0.5, reflecting extremely weak market buying interest. The area between 0.0185-0.0196 constitutes a strong supply zone.
🎯 Direction: Short
🎯 Entry: 0.0178 - 0.0183
🛑 Stop Loss: 0.0197 (hard stop loss)
🚀 Target 1: 0.0160
🚀 Target 2: 0.0145
Logical core: Price action (PA) shows that the volume at the rebound peak is shrinking, which is a typical “dead cat bounce” with no follow-up buying. The order book is heavily stacked with sell orders (Ask) above 0.0181, creating significant resistance. Combined with negative funding rates and stable open interest, the main intention is to use the rebound for secondary distribution or to establish short positions, rather than accumulation. The rebound has not reclaimed the previous lower decline center (around 0.0188), and the market structure remains bearish. This rebound provides an excellent opportunity for high win-rate short positions.
Trade here 👇$TRIA
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