$TRB / USDT – Neutral to Bullish
$TRB is currently trading in a range between $37.06 (support) and $37.65 (resistance). The recent price action shows a slight upward bias, suggesting potential bullish momentum if it breaks above the resistance.
Fibonacci Levels:
Looking at the swing from $35.21 to $36.82:
38.2% retracement: $36.16
61.8% retracement: $35.69
The price has bounced off both levels, which may act as key support zones.
RSI:
The 14-day RSI is 63.71, reflecting bullish momentum but not yet overbought. This indicates there’s still room for upside, though short-term pullbacks are possible.
Entry Zones:
Safer Entry: $35.70–$35.80 (around 61.8% Fibonacci support)
Aggressive Entry: $36.00–$36.10 (looking for a breakout above resistance)
Take-Profit Targets:
TP1: $37.30 (previous resistance)
TP2: $38.00–$38.50 (potential new resistance zone)
Stop-Loss Ideas:
Conservative SL: below $34.50 (beneath recent low)
Tight SL: below $35.70 (just under 61.8% Fibonacci support)
I can also condense this into a quick “at-a-glance” trader’s summary for faster reference if you want. Do you want me to do that?