$TRB Today made me win a lot, in fact, recover what was lost in a short that seemed like a reversal but was a trap. To prevent this from happening to you, I leave you an analysis of the current situation.
📊 Technical analysis by timeframe
⏱ 4H (second image)
Trend: Explosive bullish.
Candles: Strong sequence of large green candles, indicating buyer momentum.
Indicators:
STOCH RSI: In overbought (94-96), but still without a bearish crossover → strength remains active.
MACD: Solid bullish crossover, very positive histogram.
MA(5) vs MA(10): MA5 well above, but with wide separation → alert for possible correction.
Bollinger Bands: Price is outside the upper band → can continue rising, but there is also a risk of a technical pullback soon.
🔍 Conclusion 4H: Strong bullish trend with possible slight correction. Ideal to wait for a pullback before entering long.
⏱ 5M
Trend: More subdued bullish, consolidating.
Candles: Lateral range between $52.5 - $53.4 → consolidation zone after rally.
STOCH RSI: Remains overbought (87-105), but without a clear crossover yet.
MACD: Positive, but histogram is flattening → momentum is decreasing.
Volume: Decreased during consolidation → possible pause or technical turn.
🔍 Conclusion 5M: It is consolidating. If it breaks above $53.4, it may continue. If it breaks below $52.5, a correction to the $50-51.5 zone may occur.
📈 Possible Entries
✅ Long (buy)
Ideal entry:
👉 On pullback to the $50.5 – $51.5 zone with confirmation of a bounce.
👉 Also on a strong breakout above $53.5+ with high volume.
Suggested Take Profit:
👉 Partial at $55, then $56.8 (recent high).
Suggested Stop Loss:
👉 Below $50 (avoid fast drop trap).
🔻 Short (sell short)
Ideal short entry:
👉 If it loses $51.5 strongly, it can drop to $48 or even $45.
👉 Also if it forms a double top at $56.8 and gives reversal signals.
Suggested Take Profit:
👉 Partial at $48, then $45.
Suggested Stop Loss:
👉 Above $54.5 – $55 if entering from below.
