TRB/USDT - A Critical Turning Point? ๐จ๐ฅ
๐น Current Price: $36.46 (+9.06%)
๐น 24H High: $37.61 | 24H Low: $31.34
๐น Support: $26.46 | Resistance: $45.84
๐น Indicators Show Potential Upside Momentum! ๐
Technical Analysis:
๐ Recent Price Action:
TRB experienced a strong dip to $26.46 but bounced back, forming a bullish recovery pattern. The price is now consolidating near $36.46, hinting at potential accumulation.
๐ Key Moving Averages (MA):
MA (10): $49.19 (Above current price, acting as resistance)
MA (50): $72.54 (Bearish crossover below MA200)
MA (200): $48.07 (Long-term resistance)
๐ข If price breaks above $38.00, we could see a rally toward $45.84.
RSI & Momentum Indicators:
๐ธ RSI (14): 38.58 (Oversold zone, indicating a potential bounce)
๐ธ RSI (24): 42.87 (Showing early signs of reversal)
๐ธ STOCHRSI: 4.82 (Extremely oversold, potential bullish divergence)
๐ธ MACD: -3.10 (Bearish, but histogram is stabilizing)
๐ Market conditions suggest a potential bullish reversal if the price holds above $36.00 and breaks key resistances.
๐ด Smart Money Concept (SMC) Signal:
๐ฅ Bullish Reversal Signal: BUY on retracement near $34.50 - $36.00
๐ฏ Target 1: $42.00
๐ฏ Target 2: $48.00
โ Invalidation Below: $31.00
๐ก Strategy: A liquidity grab occurred at $26.46, signaling a potential move higher. If price maintains above $36.00 and closes a strong daily candle, expect a push towards $42+.
๐ Conclusion: TRB is at a critical zone! If support holds, expect a bullish reversal toward $42 - $48. Watch for volume confirmation before entering!
๐ข Follow Ravana Master Trading for expert insights! ๐ฅ
#TRB #CryptoTrading #BinanceSquare #BullishSignal #RavanaMasterTrading