$TRB Price Action Analysis: The Calm Before the Storm?
The market just witnessed a notable short liquidation of $2,864.5 at $48.95, shaking out early bears and hinting at incoming volatility. This move could mark the beginning of a trend reversal or just a deceptive spike before a deeper plunge. Let's break it down.
Technical Breakdown:
Short Liquidation Level: $48.95
This was the trigger point. Shorts got squeezed here, suggesting heavy stop runs by market makers. Liquidity is being hunted.
Buy Zone:
Primary Entry Zone: $45.20 to $47.00
Strong support lies within this range. Previous demand zones and fib levels suggest buyers may step in heavily here.
Targets:
First Target: $51.80 – Immediate resistance from recent wick rejections.
Second Target: $55.30 – Mid-range resistance, high probability if momentum sustains.
Final Target: $59.90 – Liquidity pocket above the last major high, potential blow-off top if volume explodes.
Stop Loss:
Invalidation Level: Below $43.80
If price breaks this with conviction, expect downside acceleration. Re-enter only near $41.00 if structure builds again.
Strategy Insight:
This is a sniper’s zone. Market just shook out impatient shorts. If bulls want to reclaim momentum, this is the moment. Volume confirmation and tight risk management are key.
Keep your eyes locked. This setup could move fast, and it won’t wait for second thoughts.