At the time of writing the market structure was strongly in favor of the bulls on the 4-hour timeframe, and the dip to $0.074 in early June turned out to be a liquidity hunt
Source: TRX/USDT on TradingView
Therefore, at the time of writing, the market structure was strongly in favor of the bulls on the 4-hour timeframe. Upon drawing Fibonacci retracement levels, we can see that the 78.6% level acted as support during the pullback from $0.0858.
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