TRX 4H – Sharp Pullback Into Rising Trendline SupportTRON / TetherUSBINANCE:TRXUSDTBKVIPTRX on the 4H timeframe is currently trading around 0.3265 after reaching a high near 0.3480 on August 22 and selling off sharply, with price now pressing directly into the rising trendline near 0.3220–0.3240 and the 0.3265–0.3280 horizontal support that has been a consistent floor throughout the structure. The chart shows a rising trendline originating from the mid-June low near 0.3100, connecting the June 25 low near 0.3130, the July 10 low near 0.3180, and continuing to climb steeply into the 0.3220–0.3240 area currently. Price ranged between the trendline and the 0.3320–0.3340 ceiling through June and most of July before breaking above that resistance in mid-August and pushing to the high near 0.3480. The pullback from that high has been sharp and uninterrupted, dropping from 0.3480 through 0.3400, 0.3360, 0.3320, and now into the 0.3265–0.3280 horizontal level that acted as the range floor across the visible structure and now sits just above the rising trendline near 0.3220–0.3240. The two levels are converging at current price, with the trendline rising into the support zone from below. The rising trendline has held every significant low since mid-June without a single close below it, making the current test alongside the 0.3265–0.3280 horizontal the most important support confluence on this chart following the sharp pullback from the August high. Key Levels To Watch → 0.3460–0.3480 August high, major resistance above → 0.3380–0.3400 Minor resistance, post-breakout reference → 0.3320–0.3340 Broken resistance, now support → 0.3265–0.3280 Horizontal support, current test → 0.3220–0.3240 Rising trendline, dynamic support (climbing) → 0.3160–0.3180 Secondary support below trendline → Below 0.3130 Trendline breakdown, structure at risk A hold at the rising trendline and 0.3265–0.3280 horizontal confluence and a recovery back above 0.3320–0.3340 would keep the macro structure intact and reopen a move toward 0.3380–0.3400 and a retest of the August high near 0.3460–0.3480. A confirmed 4H close below the rising trendline near 0.3220–0.3240 would break the structure that has held every low since June, exposing price to a move toward 0.3160–0.3180 and potentially a full retest of the June lows below. Sharp pullback from August high now pressing into trendline and horizontal confluence. Hold 0.3220–0.3265 → structure intact, recovery toward 0.3320–0.3480. Lose trendline → structure broken, downside toward 0.3160 and below. Bias bullish above rising trendline. Shift only on confirmed close below 0.3220–0.3240.