Based on your 4-hour chart for TRB/USDT on Binance, here is a technical analysis and suggested trade setup:
Chart Overview
Current Price: $30.93
EMA Levels:
EMA(7): $30.69 (short-term)
EMA(25): $30.49 (medium-term)
EMA(99): $28.72 (long-term)
Recent High/Low:
24h High: $31.34
24h Low: $30.09
MACD: Just crossed above signal line (slightly bullish)
Volume: Steady but not spiking
Trade Setup
Suggested Entry:
Entry Point: $30.80–$31.00
Reason: Price is currently above short- and medium-term EMAs, suggesting a bullish bias. A breakout above $31.00 confirms momentum continuation.
Stop Loss:
Stop Loss: $29.80
Reason: Below recent support zone and below the EMA(25). Protects against a fakeout or minor correction.
Take Profit:
TP1: $32.80 (minor resistance zone)
TP2: $33.70 (recent swing high)
Reason: These are historical resistance levels. The price previously rejected at ~$33.71.
Why This Setup?
Trend: Consolidation with mild bullish breakout signs
EMA Alignment: EMA(7) > EMA(25) > EMA(99) — short-term trend bullish
MACD: Bullish crossover forming — signaling potential upward momentum
Volume: Building slightly, suggesting interest is returning
