If you're lucky to see this article
Don't hesitate, short directly! $TRB
Large bullish candlestick with high volume selling logic❗️
Having been in the crypto market for many years, I am well aware of the risks after a surge. I remember the 2021 bull market, where I witnessed multiple instances of prices skyrocketing several times in a short period, only to sharply retract. This wave of TRB reminds me of those experiences, and seeing such a fierce rise naturally raises my alertness.
Technical warning:
1. Overbought characteristics:
- 24-hour increase of up to 74.61%
- Soared from 55.580 to 109.99
- Excessive increase, short-term pullback demand exists
2. Trading data:
- 24-hour trading volume 14,451,300
- Trading amount 1.241 billion USDT
- Volume starts to shrink, upward momentum weakens
Short logic:
1. Technical analysis:
- MACD starts to death cross
- Significant decrease in trading volume
- Price begins to deviate from MA7 (97.439)
2. Market psychology:
- Huge profit-taking pressure
- FOMO sentiment decreases
- Fear of heights mentality appears
Target management:
1. First target: 80
2. Secondary target: 70
3. Ideal target: 60
Technical analysis:
1. The distance between MA7 and MA25 is too large
2. Trading volume gradually shrinks
3. MACD indicator turns