$TRX JUST BROKE A 6+ YEAR TRENDLINE: IS A 80% CRASH NEXT?

#TRX has reached a critical higher-timeframe inflection point.
The 6+ year ascending trendline has already been violated. From a pure technical perspective, this suggests a potential regime shift rather than a normal pullback.

KEY LEVEL: $0.40: Until TRX reclaims $0.40 with strong HTF acceptance, my bias remains bearish.
Below $0.40 → downside structure remains active.

STRUCTURAL READ:
The current price action resembles a rising-wedge distribution structure:
🔹 6+ year trendline breakdown
🔹 HTF resistance rejection
🔹 Loss of major structural support
🔹 Increasing downside asymmetry

FIBONACCI TARGETS:
0.5FIB → $0.0556 | T1
0.618FIB → $0.0339 | T2
0.786FIB → $0.0168 | HTF Support

If the breakdown accelerates, a 50%–80% correction remains technically possible.

ACCUMULATION ZONE: I would avoid front-running the first major dump.
If price reaches the 0.618–0.786 Fib region, $0.0339–$0.0168 becomes the primary zone I would monitor for capitulation, stabilization and potential long-term accumulation.

MY HTF THESIS:
Below $0.40 → Bearish
Above $0.40 + strong HTF acceptance → Bearish thesis weakens

I am not predicting the bottom. I am defining the structural levels that confirm or invalidate the thesis.

NFA. DYOR. Manage Risk Accordingly.