$TRB ๐Ÿ‘ˆ Buy and trade now ๐Ÿ’ฐ

$TRB /USDT Technical Analysis: Bullish Momentum Building for 19.6% Upside ๐Ÿ’ฏ

Tellor (TRB) demonstrates strong recovery structure with bullish technical confirmation across multiple timeframes. Current price action suggests continuation potential toward significant resistance zones.

Technical Structure Analysisโœจ

1๏ธโƒฃ Current Price: $50.18 (+15.8% from $42.33 low)

2๏ธโƒฃ 24H Volume: $24.97M (confirms institutional interest)

3๏ธโƒฃ Trend Direction: Bullish momentum with higher lows formation.

Key Technical Indicators

โ€ข RSI: 65 (bullish zone without overbought conditions)

โ€ข MACD: Bullish crossover confirmed with expanding histogram.

โ€ข Moving Averages: Price above both 50 EMA and 200 EMA (strong uptrend validation)

Strategic Trade Setup:

Entry Zone: $49.80-$50.20 Stop Loss: $46.40 (-7.5% risk) Target 1: $53.00 (+5.6%) Target 2: $56.50 (+12.6%) Target 3: $60.00 (+19.6%)

Critical Level Watch:

$51.00 resistance requires volume confirmation for breakout continuation. Failure could trigger short-term consolidation before next leg higher.

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