TRX Double Top on 5m Chart: Twin Peaks at $0.3365 Signal Bearish Rejection
TRX 5m is printing a textbook Double Top with twin peaks at $0.3365 (Peak 1) and $0.3364 (Peak 2), separated by a valley neckline at $0.3317.
Price is currently sitting just above $0.3354 — squarely inside the $0.3351–$0.3353 bearish cluster zone flagged in the prior session — and the neckline has NOT yet broken. Momentum is confirming: RSI at 42.3 is trending sub-neutral and MACD histogram is negative (-0.000069) in active bearish-momentum state.
Candlestick evidence at the current candle is damning: a Bearish Marubozu + Bearish Harami stacked at $0.3354 signals sellers are actively capping any recovery. Outcome projection is replayed from the best 3 historical Double Top cycles on this same instrument/timeframe — all three resolved as wins on neckline breaks from the $0.3351 zone — projecting an initial drift/fake-pop toward $0.3362 before a decisive rejection and slide into the $0.3345 measured-move target.
Plex Ai pattern plotter reported:
5m Chart ✓ Confirmed 🔴 Bearish
79% Plex Ai Confidence
25% Historical Win
16 Backtests
1.7:1 Risk reward ratio
Entry
Short trigger: 5m candle close below $0.3351 (neckline zone breach confirmation). Aggressive: market entry now at $0.3354 given Bearish Marubozu + MACD confirmation. Conservative: wait for a retest bounce off $0.3353 that fails to reclaim $0.3358.
Stop Loss
$0.3358 — sits above the Bearish Marubozu rejection wick and above the right-shoulder cluster high; any close above this level invalidates the bearish structure and signals buyers have reclaimed short-term control
Target 1
$0.3345 — measured-move target from Double Top height ($0.3365 peak → $0.3317 neckline = ~$0.0048 drop, projected from breakdown at $0.3352); aligns with algo position tool target and prior swing support
Target 2
$0.3317 — full measured-move completion at the neckline support level; only valid if $0.3345 breaks and volume expands on the flush; this is the runner target for 50% position
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