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TRXUSDT — Higher Timeframe Structure Analysis The first thing we need to do is separate the recent selloff from the primary market structure A lot of traders see two or three large red candles and immediately assume the trend has changed But the daily chart is still telling a different story Long-Term Structure Starting from the major February low around 0.268, TRX built a very clean uptrend, The market established a base, broke previous highs, and after every correction managed to create a higher low before continuing higher. The structure has looked roughly like this: 0.268 Low ↓ 0.282 High ↓ 0.276 Higher Low ↓ 0.308 High ↓ 0.299 Higher Low ↓ 0.335 High ↓ 0.325 Higher Low ↓ 0.377 High This is a textbook bullish structure Not only have higher highs (HH) been created consistently, but higher lows (HL) have also been preserved throughout the trend The Last Higher High The most important structural high on the chart is 0.377 This is the latest Higher High and the most recent confirmation of the broader uptrend Up until that point, the daily structure remained healthy and intact What Is the Current Pullback? Price has now corrected from 0.377 down to roughly 0.321 A large correction alone does not mean the trend has reversed To confirm a trend change, the market must break an important structural low So far, that has not happened The Most Important Structural Support Most traders are focused on 0.32 simply because that's where price is trading From a structural perspective, however, the key level sits lower The last major Higher Low is located between: 0.295 – 0.308 This zone forms the foundation of the current uptrend As long as this area remains intact, the larger bullish structure remains valid Intermediate Structure On a smaller scale, one important change has occurred After printing the 0.377 high, the market failed to create a new high As a result, the first short-term Lower High has appeared This tells us bullish momentum has weakened However, weakening momentum is not the same thing as a trend reversal The Market's Decision Zone If price can reclaim and hold above the 0.34 – 0.35 area, the current move will likely be remembered as a normal pullback within a broader uptrend, If selling pressure continues and the 0.308 level breaks, then for the first time we can begin discussing a potential bearish Change of Character (CHOCH), After that, the 0.295 zone becomes the final major defense of the bullish structure. Conclusion From a daily market structure perspective, TRX has not entered a bearish trend What we are currently seeing is a deep correction following the 0.377 high For the bullish structure to be invalidated, the market must break the key Higher Lows between 0.308 and 0.295 Until that happens: • Long-term structure = Bullish • Intermediate structure = Corrective • Short-term structure = Bearish At the moment, the chart looks much more like an uptrend going through a correction than a new downtrend that has already destroyed the primary structure