GRAM 6H – Post-Spike Retrace at Macro Support ClusterGram/USDTOKX:GRAMUSDTBKVIPGRAM on the 6H timeframe is currently trading around 1.282 after a near-complete retrace of the May spike that pushed price from the rising trendline near 1.265 all the way to a high near 2.900 before sellers erased virtually the entire move, with price now compressing directly on the rising trendline near 1.300–1.310 and the 1.300–1.330 horizontal support that defined the pre-spike base. The chart shows a rising trendline originating from the late February low near 1.170, connecting the March low near 1.215 and continuing to climb into the 1.300–1.310 area currently. The spike off that trendline in early May reached 2.900 before collapsing sharply through 2.000, 1.800, and into a post-spike consolidation that ranged between 1.520–1.900 through June before breaking lower through July and August. That sustained decline has now brought price back to the convergence of the rising trendline and the 1.300–1.330 horizontal that served as the pre-spike base in late April, creating the most significant support cluster on this chart. The horizontal level near 1.300–1.330 has held as a floor through multiple tests in the current consolidation over the past two weeks, with price bouncing from it repeatedly without a confirmed close below it. The rising trendline and the 1.300–1.330 horizontal are now occupying the same price zone simultaneously, making this the most critical confluence of support on the entire chart and directly equivalent to the level from which the May spike launched. Key Levels To Watch → 2.800–2.900 May spike high, major resistance above → 2.100–2.200 Prior recovery high, resistance → 1.800–1.900 Post-spike consolidation zone, resistance → 1.520–1.560 Prior support zone, resistance → 1.420–1.480 Minor resistance, recent range ceiling → 1.300–1.330 Horizontal pivot and rising trendline, confluence support → Below 1.210 Trendline breakdown, macro structural failure A hold at the 1.300–1.330 confluence and a recovery back above 1.420–1.480 would keep the macro structure intact and open a move toward 1.520–1.560 and potentially 1.800–1.900 on a more sustained recovery. A confirmed 6H close below 1.300 and the rising trendline would be the first macro structural break since February, removing the trendline that has held every significant low on this chart and opening downside toward 1.210 and below. Spike fully retraced to the same level that launched it, rising trendline and horizontal now converging. Hold 1.300–1.330 → macro structure intact, recovery open toward 1.420–1.520. Lose trendline → macro break since February, downside toward 1.210 and below. Bias cautiously bullish at confluence. Shift only on confirmed close below 1.300–1.310.