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0.3208–0.3242 Support Will Likely Determine the Short-Term Trend
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Hope you all have a great trading day.
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TRX is currently trading at a key technical area where multiple support and resistance levels overlap. The most important support zone is 0.3208–0.3242.
As long as this zone holds and buyers step in, higher targets remain on the table.
🎯 Key Upside Targets
1st Resistance: 0.3410–0.3445
2nd Resistance: 0.3657–0.3756
The main bullish signal will be whether price can break above and establish support within these resistance zones.
📉 Levels to Watch if Support Fails
If the 0.3208–0.3242 support zone breaks down, the next support areas become important.
1st Support: 0.3080
2nd Support: 1M Chart M-Signal
A breakdown below the 1M chart M-Signal could significantly increase the probability of a medium-to-long-term bearish trend reversal, making risk management essential.
📊 Indicator Analysis
At the moment, the market can be interpreted as being in a short-term consolidation phase, either moving sideways or building a base.
- StochRSI: Entering oversold territory
- OBV: Positioned between the Low Line and High Line
- BSSC: Below the zero line
Key conditions to monitor:
✅ StochRSI forms a bullish golden cross from the oversold zone
✅ OBV breaks above the High Line
✅ BSSC recovers above 0 and maintains strength
If these conditions are met, the probability of a bullish trend reversal increases considerably.
💡 Buying Strategy
The 1D HA-Low has already risen to around the 0.3208 area. If support is confirmed here, a long-biased approach can be considered.
However, if price falls below the HA-Low, a staircase-style decline may develop. For that reason, scaling into positions remains important.
Under current conditions, gradually accumulating down to 0.3080 appears reasonable. Below that level, additional entries should be considered only after confirming a trend reversal signal.
📌 Selling Strategy
The HA-High and DOM(60) zones can be regarded as short-term take-profit areas.
- Consider scaling out in these zones
- A breakout may lead to a staircase-style advance
- Continue taking partial profits as price moves higher
Every uptrend eventually experiences a correction, so locking in profits along the way is an essential part of risk management.
💰 Medium- to Long-Term Investment Perspective
For investors holding TRX over the longer term, a principal-recovery strategy may be effective.
Selling enough to recover your initial investment and letting the remaining position run can help reduce psychological pressure while maintaining exposure to potential upside.
🌐 TRX Market Assessment
In my view, TRX is better suited for active strategic trading than a pure long-term hold.
That said, several factors remain constructive:
- Ongoing demand for stablecoins within the TRON ecosystem
- Expansion efforts into the U.S. market
- Consistent network usage and activity
TRX is particularly sensitive to stablecoin circulation metrics and often shows price action that differs from Bitcoin.
Therefore, traders should not rely solely on BTC's direction. Monitoring TRX-specific flows, on-chain activity, and capital rotation is equally important.
Overall, compared with many altcoins trading near or below their listing prices, TRX still appears relatively attractive from an investment standpoint.
The key level remains 0.3208–0.3242.
If this support zone holds, the probability of testing higher resistance levels remains open.
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Thank you for reading.
Wishing everyone successful trades and strong risk management.
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Trading Roadmap | Classical TA · Lesson 12 — Intro to FibonacciLesson 12 - Introduction to Fibonacci
Difficulty: Intermediate
Fibonacci levels do not predict price — they offer a structured way to map where pullbacks may pause and where trends may reach. In this final lesson of the course, we tie them into the structure, trends, and confirmation tools you've built through the whole roadmap.
🔵 WHERE THE LEVELS COME FROM
The Fibonacci sequence produces a set of ratios — 23.6%, 38.2%, 61.8%, 78.6% — that traders project onto price swings. The 50% level is not a Fibonacci ratio, but it is so widely watched that most tools include it.
Why do these levels matter? Not because markets obey mathematics — but because enough traders watch the same levels that price can react around them. Treat them as zones of interest, not magnets.
🔵 FIBONACCI RETRACEMENT — HOW TO DRAW IT
The retracement tool measures how deep a pullback goes relative to the previous swing:
- In an uptrend → anchor from the swing low to the swing high ; the levels map potential support zones for the pullback
- In a downtrend → anchor from the swing high to the swing low ; the levels map potential resistance zones for the bounce
Consistency matters more than perfection: pick clear, meaningful swings (the ones you'd mark with the structure skills from Lesson 2 and 3) and anchor the same way every time — wick to wick is the common choice.
One practical note: depending on which anchor you click first, the tool may print the 0 and 1 labels in reverse. The zones between the levels are what many traders focus on — the label direction matters less than applying your own method consistently.
- Shallow pullbacks (23.6%–38.2%) → can suggest a strong trend where buyers/sellers step in early
- Deeper pullbacks (50%–61.8%) → common in healthy trends; often watched for continuation setups
- Very deep pullbacks (78.6%) → the trend may be in question; many traders demand extra confirmation here
🔵 THE GOLDEN POCKET
The area around the 50%–61.8% retracement — with some traders extending it to 65% — is often called the "golden pocket": one of the most widely watched zones for trend-continuation setups.
It works in both directions. In an uptrend, pullbacks into the zone can find support. In a downtrend, bounces into the zone can meet resistance — the reaction there may offer a continuation setup in the direction of the larger trend.
In the chart above: after the swing from high to low, the bounce reached the 0.5–0.618 zone and printed a reaction candle. The pocket acted as resistance — because the larger trend was down — and the move lower resumed. Same zone, mirrored logic.
A level alone is not a signal. What many traders look for inside the pocket:
- A reversal candle from Lesson 5 (hammer, engulfing) forming at the zone
- Volume stepping in as price reaches the area (Lesson 9)
- The zone overlapping a prior support/resistance level (Lesson 3)
Two common entry styles:
- Aggressive — enter on the first clear reaction candle inside the pocket, with a stop beyond the zone
- Conservative — wait for price to break minor structure in the trend direction before entering
🔵 FIBONACCI EXTENSIONS — MAPPING TARGETS
Retracements help with entries; extensions can help with exits. Once a pullback holds and the trend resumes, extension levels — commonly 1.272 and 1.618 — project where the next leg may reach.
A practical approach many traders use:
- Take partial profit at the 1.272 extension
- Let the rest run toward 1.618, trailing the stop behind structure
Extensions are estimates, not promises — when price approaches an extension level with fading momentum (Lesson 11's divergence concept), that can be a reasonable place to lighten up.
In the chart above: after the September swing and a deep pullback, the trend resumed and reached the 1.272–1.618 extension zone. Notice what followed the tag of the extended target — a sharp drop. Taking partials into extension zones, rather than holding for more, is exactly what this tool is for.
🔵 CONFLUENCE — WHERE FIB TENDS TO WORK BEST
A Fibonacci level on its own is just a line. Its usefulness often comes from confluence — when it lines up with things you already learned to read:
- A prior support/resistance level (Lesson 3) sitting inside the golden pocket
- A rising moving average (Lesson 10) crossing through the same zone
- A trendline or channel boundary (Lesson 4) meeting the retracement
- A reversal pattern (Lesson 7) completing at the level
When several independent tools point to the same area, the zone carries more weight than any single line.
In the chart above: the fib level lands inside a horizontal zone that had already acted as resistance earlier — a prior level flipping into support (Lesson 3). The pullback tagged the overlap, held, and the trend resumed. Two independent tools, one zone.
🔵 COMMON MISTAKES
- Drawing fibs on every minor wiggle — the tool works best on clear, significant swings
- Switching anchor style (wicks vs bodies) chart to chart, then wondering why levels look off
- Treating a level touch as an automatic entry with no confirmation
- Using retracements against the larger trend — a 61.8% bounce in a strong downtrend is still a counter-trend trade
- Stacking so many fib drawings that every price is "at a level"
Above: the first mistake in action — a fib drawn on a minor swing in the middle of a larger trend. The levels are crammed into a few hundred dollars of range and price barely notices them.
Same chart, same tool — anchored on the major swing instead. The levels now map zones the market actually reacted to. The swing you measure decides whether the tool says anything useful.
🐳 PRO TIPS
- Fib levels drawn on higher-timeframe swings (daily, weekly) tend to carry more weight than those on 5-minute charts.
- If you can't decide which swing to anchor, you may be forcing it — the swings worth measuring are usually the obvious ones.
- Mark your fib zone before price reaches it, then let the candles at the zone make the decision. Planning ahead of the touch tends to produce calmer execution than reacting to it.
- This is the last lesson of the Classical TA course — the strongest setups usually come from combining lessons, not from any single tool. Structure first, confirmation second, indicators and fibs as context.
That wraps the Classical TA course. 🎓 If it helped you, drop a comment with the lesson that improved your trading most — and tell us what course you'd like to see next. 🐳
Full Trading Roadmap | Classical TA Course
Trading Roadmap | Classical TA · Lesson 01 — Mastering the Chart
Trading Roadmap | Classical TA · Lesson 02 — Mastering Trends
Trading Roadmap | Classical TA · Lesson 03 — Support & Resistance
Trading Roadmap | Classical TA · Lesson 04 — Price Channels
Trading Roadmap | Classical TA · Lesson 05 — Single Candle Patterns
Trading Roadmap | Classical TA · Lesson 06 — Multi-Candle Patterns
Trading Roadmap | Classical TA · Lesson 07 — Reversal Chart Patterns
Trading Roadmap | Classical TA · Lesson 08 — Continuation Chart Patterns
Trading Roadmap | Classical TA · Lesson 09 — Volume Analysis
Trading Roadmap | Classical TA · Lesson 10 — Moving Averages
Trading Roadmap | Classical TA · Lesson 11 — Core Indicators (RSI, MACD, Stochastic, Bollinger Bands)
Best Regards, BigBeluga 🐳 Education 
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**SMC (Smart Money Concept) Analysis: ETH/USDT Weekly Chart****SMC (Smart Money Concept) Analysis: ETH/USDT Weekly Chart**
**Timeframe:** Weekly (W1)
**Current Price (as of July 18, 2026):** ~$1,841.95
**Chart Outlook:** Macro Bullish with Strong Institutional Accumulation Structure
### Key SMC Elements Identified:
**1. Higher Timeframe Structure**
- ETH has been respecting a clear **Bullish Market Structure** since the 2020-2021 cycle.
- Multiple **Order Blocks (OB)** and **Breaker Blocks** are visible:
- Strong **Bullish Order Block** around $800–$1,000 zone (major demand area from previous cycle).
- Mitigation of previous highs with clean displacement upward.
- The chart shows classic **BOS (Break of Structure)** followed by **CHOCH (Change of Character)** confirmations in the bullish direction.
**2. Liquidity & Displacement**
- Recent price action swept liquidity below recent lows (~$1,800 area) before the strong upward displacement.
- The "best zone for BUUUUUUUUY" highlighted aligns perfectly with a **Premium/Discount array** — deep in the discount relative to the overall macro range.
**3. Key Levels (SMC Framework)**
**Demand Zones (Buy Areas):**
- **Primary Bullish Order Block:** $800 – $970 (Major institutional demand — very strong)
- **Secondary Demand:** $1,200 – $1,500 range (previous consolidation)
- **Current Entry Zone:** $1,700 – $1,950 (where price is currently consolidating)
**Supply Zones (Sell/Take Profit Areas):**
- **Intermediate Target:** $2,500 (noted on chart)
- **Major Liquidity Pool:** $4,700 – $6,100
- **Macro Target:** **$26,000** (aggressive parabolic projection by late 2028)
**4. Fair Value Gap & Imbalances**
- There are multiple unfilled FVGs above current price that price is likely to seek as it moves higher.
- The move from ~$800 to the current levels left significant inefficiency that Smart Money is now filling on the way up.
### Trading Strategy (SMC Style):
**Bias:** Strongly Bullish (Higher Highs + Higher Lows expected)
**Entry Setup:**
- Look for **inducement** below the current range followed by strong bullish confirmation (displacement + FVG fill).
- Optimal entries near the $1,800 – $1,950 zone with confluences (Order Block + Liquidity sweep).
**Risk Management:**
- Stop Loss: Below the most recent low / invalidation of the bullish structure (~$1,600 or lower depending on entry).
- Take Profit Levels:
1. $2,500 (first major liquidity)
2. $4,700 – $6,100
3. Extended Target: $26,000 (macro cycle top)
### Summary:
The chart displays textbook **Smart Money accumulation** behavior. Ethereum is currently in a deep discount zone after sweeping liquidity, positioning for the next major impulsive leg higher. The $800–$1,000 area remains one of the strongest demand zones on the chart.
**"Best zone for BUUUUUUUUY"** — exactly where Smart Money has been defending and loading.
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