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$TRIA looks like it's finally ready to start a new chapter, but there is one specific level I’m watching like a hawk.
The recovery from that 0.019 bottom has been incredibly consistent. We just saw a massive daily candle push through the 0.039 resistance, and now we're sitting at 0.042. That big wick up to 0.046 shows that sellers are still active up there, but the buyers are absorbing the dip pretty quickly.
Support has now shifted up to the 0.038 zone. As long as we don't close a daily candle back inside that old range, the path toward 0.051 looks wide open. The volume is supporting this move too, which makes it feel a lot more sustainable than a random pump.
I’m expecting a little bit of sideways cooling off here before the next push. If it can flip 0.046 into solid support, things are going to get very interesting very fast.
Is this the start of a massive breakout or just a temporary relief rally? I’m leaning bullish but keeping my eyes on that 0.038 floor just in case.
#DeFiLossesTop600MInApril