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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Capitulation to 0.3001 on Oct 31, now a base between 0.3001 and 0.3243, price in the upper third
The setup is bearish while TRX stays under 0.3243: both edges of 0.3001–0.3243 have held.
Price is 1.1% under 0.3243, the high of the first rebound, and 6.9% over 0.3001, the panic-selling low.
Price is under the 50-day average (0.3319). It is under the 200-day average (0.3336).
The last 5 days are up 0.1%.
What kills the setup: a daily close over 0.3243, 1.1% away.
For it: price is under the average price buyers have paid since the 0.3215 low, 0.3314, so those buyers are losing money; more trading has happened on down candles than on up ones, so sellers have been the more active side.
Against it: RSI and MACD show a bullish divergence: price set a lower low that momentum did not confirm; price is above the Monthly VWAP (0.3149).
While TRX stays under 0.3243 the setup stays bearish; 0.3001 is the next line it has to break.
A 1D close above 0.3243 ends the at the ceiling of a range; the next level up is 0.3304.
A 1D close below 0.3001 breaks down out of the base; no tested level below it on this chart — the next round number is 0.2500.
0.3001 is the floor — the low this range was set by; price has not come back to it since.
0.3243 is the ceiling — a heavy volume shelf, 2.3× the volume of an average price band on this chart.
On Oct 31 sellers flushed TRX to 0.3001, 20% under its 30-day high, on 9× normal volume — a selling climax. The bounce that followed ran to 0.3243. Since then, TRX has been building a base inside that swing.
Price is in the upper third of the 0.3001–0.3243 range.
Overhead sits the shelf the crash broke: 0.3273–0.3301, where the fall paused in the week before the capitulation.
The weekly picture: between a bear and a bull phase, 29% under the all-time high; on the daily, price is below the 200-day average (0.3336), and the 50-day average is below the 200-day average. The daily has no trend of its own.
Against BTC: over the last 5 daily candles TRX moved +0.1% and BTC -1.2% — TRX is the stronger chart. Off the panic-selling lows, TRX is up 7% and BTC -4% — TRX has bounced harder.
The trend has been the buyers': the weekly chart is up. The indicators pull both ways: RSI and MACD show a bullish divergence — price set a lower low that momentum did not confirm; but price is under the average price buyers have paid since the 0.3215 low, 0.3314, so those buyers are losing money.
The trend is weak — ADX 13, under the 25 where a trend is real, with buyers only slightly ahead (−DI 24, +DI 28).
| Level | Price | From price | Role |
|---|---|---|---|
| Fib retracement | 0.3330 | +3.9% | fib, hvn |
| 3-TF resistance | 0.3304 | +3.0% | confluent, hvn |
| Fib retracement | 0.3290 | +2.6% | fib, sr |
| Volume POC | 0.3256 | +1.5% | poc, fib |
| Read ceiling | 0.3243 | +1.1% | read edge |
| 2-TF resistance | 0.3222 | +0.5% | confluent, fib |
| 2-TF support | 0.3194 | -0.4% | confluent, golden pocket |
| Order block | 0.3176 | -0.9% | order block, calendar |
| 2-TF support | 0.3129 | -2.4% | confluent, calendar |
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