Brothers, let's take a look at the latest TRB market trends!
1. Technical Analysis
From the 4-hour chart, the short-term moving averages MA7 (49.251) and MA15 (46.278) are diverging upwards, with the price above the moving averages, indicating a bullish trend. However, after a rapid rise, the price is far from the medium-term moving averages MA30 (39.333) and MA99 (34.728), which poses a risk of a pullback.
2. Key Levels
Support Level
Near the previous high points, roughly in the 45 - 46 range, there is a density of trades that can be used as a support reference.
Resistance Level
At the round numbers 55 - 60, there may be psychological pressure, and profit-taking may occur here.
3. Trading Suggestions
Going Long
Entry Point: When the price pulls back to near the 45 - 46 support level and shows stabilization signals (such as a small bullish candle, doji, etc.), you can enter.
Stop Loss Level: Set below 44 to control risk.
Take Profit Level: First target the 55 resistance level; if there is a strong breakout, you can look towards 60.
Going Short
Entry Point: When the price rises to near the 55 - 60 resistance level and shows signs of stagnation (such as a long upper shadow candlestick), try to enter.
Stop Loss Level: Set above 60.
Take Profit Level: First target the 46 support level; if it effectively breaks down, you can further look towards 40.
