$TRX just broke a 6+ year trendline. This isn't a dip—it's a structural crack.
The ascending support that held since 2018 is gone. Price got rejected at HTF resistance and lost major support. This looks like a rising wedge distribution playing out in real time.
$0.40 is the line in the sand. Below it? Downside structure stays active. Above it with real acceptance? Bearish thesis gets weaker.
Fib targets if this accelerates:
$0.0556 (0.5 Fib)
$0.0339 (0.618 Fib)
$0.0168 (0.786 Fib)
That's a 50-80% correction from here. Not calling the bottom, just marking the zones where capitulation could happen.
Don't front-run the first dump. If we hit $0.0339-$0.0168, that's where I'd watch for stabilization and potential HTF accumulation.
NFA. DYOR. Manage your risk.
The ascending support that held since 2018 is gone. Price got rejected at HTF resistance and lost major support. This looks like a rising wedge distribution playing out in real time.
$0.40 is the line in the sand. Below it? Downside structure stays active. Above it with real acceptance? Bearish thesis gets weaker.
Fib targets if this accelerates:
$0.0556 (0.5 Fib)
$0.0339 (0.618 Fib)
$0.0168 (0.786 Fib)
That's a 50-80% correction from here. Not calling the bottom, just marking the zones where capitulation could happen.
Don't front-run the first dump. If we hit $0.0339-$0.0168, that's where I'd watch for stabilization and potential HTF accumulation.
NFA. DYOR. Manage your risk.