$TRB Neutral to Bullish :(
Support at $34.67, resistance at $37.65. TRB has been accumulating in this range, with recent price action suggesting a slight upward trend.
Fibonacci Levels:
Applying Fibonacci retracement to the recent swing from $35.21 to $36.82, key levels are:
38.2% retracement: $36.16
61.8% retracement: $35.69 Price has bounced from both levels, indicating potential support zones.
RSI:
Currently at 63.71, indicating bullish momentum without being overbought. This suggests room for additional increases, but traders should be cautious of potential short-term corrections.
Entry Zones:
Safe entry: $35.70–$35.80 (near 61.8% Fibonacci support)
Risky entry: $36.00–$36.10 (anticipating a breakout above resistance)
Take Profit Zones:
TP1: $37.30 (previous resistance level)
TP2: $38.00–$38.50 (new resistance zone)
Stop Loss Ideas:
Conservative stop loss: Below $34.50 (under recent low)
Tight stop loss: Below $35.70 (just under 61.8% retracement support)