$TRB Ignites the Market with a Fiery +37% Rise — Are We at the Beginning of an Explosive Wave?
In an exciting trading session, the #TRB/USDT pair on Binance recorded a strong +37.31% rise to $44,788 after touching a daily high of $45,526. This strong move caught the attention of traders with a clear breakout of a previous resistance area.
Quick Technical Analysis:
Bollinger Bands:
The price has violently broken through the upper band, indicating very strong buying momentum. The bands are expanding strongly, meaning the movement is likely to continue.
MA5/MA10 Moving Averages:
The price is moving strongly above both moving averages, in a stable uptrend.
RSI (6): 83.09
In the overbought zone, indicating that the price is experiencing strong momentum but may experience a temporary correction.
MACD:
A clear bullish crossover with strong green bars supports the continuation of the momentum in the short term.
Suggested Trading Strategy: "Strong Wave with Smart Reentry"
Safe Entry Point:
Wait for a price pullback to $41.5-$42.5 (retest of new support).
Stop Loss:
Below $39.00 (break of major support).
Possible Profit Targets:
First Target: $48.00
Second Target: $52.00
Extended Target: $58.00 if the momentum continues with the same strength.
Do you expect the TRB bullish wave to continue towards $60? Or do we see a correction soon? Share your opinion in the comments!