š¢ $TRB Just Triggered a Short Squeeze ā and the Bulls Are in Control.
In a flash move that caught bears off guard, $54.9K in shorts were liquidated at $40.49 on Tellor ($TRB ), igniting what looks like the beginning of a high-volatility bullish breakout.
š Price Action Snapshot:
After consolidating near $38, TRB exploded past $41, printing a fresh local high and flipping prior resistance into support. This isnāt a random pumpāitās a structure reclaim backed by aggressive momentum.
š Volume Confirmation:
Volume surged over 85% in the last 24 hours, confirming that this isnāt just a squeezeāitās a trend ignition event. Momentum indicators are turning up hard, with RSI pushing into bullish territory and MACD crossing cleanly on the 4H.
š§ Technical Outlook:
Resistance: $44.80 (local), $48.50 (range top)
Support: $40.00 (breakout level), $37.20 (structure base)
Ideal Entry Zone: $40.20ā$41.00 on minor retrace
š Trade Setup (Momentum-Based):
Entry: $40.50 (on confirmation pullback)
Target 1: $44.80
Target 2: $48.50
Stop-Loss: $38.80 (below consolidation low)
Risk-to-reward aligns perfectly for a momentum continuation playātight risk, high potential reward.
ā” Momentum Like This Doesnāt Wait
TRB has cracked its ceiling and shorts are fueling the rally. With structure reclaimed and volume surging, all eyes are on a potential run toward $50+. Donāt blinkāthis is the kind of move that defines weekly P&Ls.$TRB