#tradersleague #TAO

1. Moving Averages

• MA(7) ≈ 0.0284 (yellow) & MA(25) ≈ 0.0285 (pink): both just above price and essentially flat to slightly sloping down.

• MA(99) ≈ 0.0301 (purple): clearly sloping downward, marking the longer-term bearish trend.

• Current price (0.0274) sits below all three MAs → bearish alignment.

2. Price Structure

• Lower Highs: ~0.0398 → ~0.034 → ~0.0308 → ~0.0285

• Lower Lows: ~0.030 → 0.0245 → current bounce at ~0.027

• This classic sequence of lower highs/lows confirms a continuing down-trend.

3. Key Levels

• Immediate Resistance:

• 0.0284–0.0285 (7/25-MA zone)

• 0.0300–0.0308 (99-MA & prior swing highs)

• Support:

• 0.0245 (the June 17 low)

• If that breaks, next zone is ~0.022–0.023.

4. Volume Context

• Volume picked up during the drop into 0.0245, but the recovery to 0.027 was on lighter volume—suggesting weak buying.

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🔮 Short-Term Outlook

• Bearish bias remains until TRU can reclaim and hold above 0.0285–0.0290 on strong volume.

• Failing that, it looks poised to retest 0.0245 (and possibly lower) before any sustainable bounce.

Bottom line: without a decisive break above the nearby MAs (especially the 25-MA at ~0.0285), TRU’s path of least resistance is down. Proceed with caution or wait for a clear MA-break and volume confirmation if you’re looking for a bullish setup.

"PUMP OR DUMP”