Summary
• Price opened at $0.0001255 and closed at $0.0001217 after 24 hours.
• Volatility spiked in the early hours of the session with a decline from $0.0001255 to $0.0001205.
• Heavy volume and price divergence suggest potential bearish
emerging.
WINkLink/TRON (WINTRX) opened at $0.0001255 on November 11 at 12:00 ET and closed at $0.0001217 on November 12 at the same time. The 24-hour period saw a high of $0.0001261 and a low of $0.0001205. Total volume was 2.26 billion contracts, while turnover reached approximately $277,858, calculated from the product of price and volume.
Structure & Formations
WINTRX demonstrated a clear bearish trend over the 24-hour period, with price action forming a descending pattern. Notable formations include a bearish engulfing pattern at the start of the session and a bearish breakdown below the key $0.000123 support level, which appears to have turned into a resistance. A series of doji and consolidation patterns suggest weakening bullish momentum and potential exhaustion.
Moving Averages
On the 15-minute chart, price has closed below the 20-period and 50-period moving averages, reinforcing the bearish bias. The 20SMA and 50SMA are currently at $0.0001235 and $0.0001238, respectively. On the daily chart, the price is approaching the 200-period moving average, which may serve as a long-term support zone if a bounce is imminent.
MACD & RSI
MACD remains in negative territory with a bearish crossover, indicating continued downward pressure. The RSI has moved into oversold territory, currently at 28, suggesting that the asset may be due for a short-term rebound, although a sustained rally is unlikely without a volume confirmation.
Bollinger Bands
Price action has remained near the lower Bollinger Band for much of the session, indicating low volatility and bearish bias. A recent contraction in the bands implies the potential for a breakout or breakdown in the near term. The current width of the bands suggests moderate volatility compared to recent swings.
Volume & Turnover
Volume spiked significantly in the early part of the session, especially during the sharp decline from $0.0001255 to $0.0001205, confirming bearish conviction. However, volume has since declined, suggesting a potential pause in the downward trend. Turnover has also dropped, aligning with the muted volume and pointing to reduced participation in the market.
Fibonacci Retracements
The 61.8% Fibonacci level from the recent high of $0.0001261 to the low of $0.0001205 is currently at $0.0001223, a level that the price has briefly tested twice. A break below this level may target the next 78.6% retracement at $0.0001210. On the daily chart, the 38.2% retracement level around $0.0001238 could serve as a key support or resistance depending on the direction of the next move.
Backtest Hypothesis
The back-test attempt failed due to an issue with the price data for the ticker WINTRX, specifically the inability to locate the
get_asset_price node. This typically indicates the symbol is not recognized by the backtesting engine’s price database. To proceed, it is critical to confirm the correct symbol or data source—whether WINTRX is an alias for a different ticker such as WIN/USDT or a less-traded pair requiring a direct data feed. Once the accurate price identifier is established, the backtest strategy can be rerun using the same technical indicators—such as moving averages, RSI, and volume—to evaluate its effectiveness historically.
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