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🧠 $TRB /USDT Technical Analysis (1H Chart) Support Retest or Bull Trap? Here’s What to Watch 👇 Tellor (TRB) has recently completed a strong upward move, tapping the $54–$55 resistance before pulling back. Currently, price action hovers around $51.14, slightly below the short-term 7-period moving average (MA7), which signals potential short-term weakness. 🧩 Key Observations: 🔹 MA Crossover Zone: MA7 ($52.44) and MA25 ($52.35) have started to curve downward. Price is struggling to hold above both, suggesting bulls are losing short-term momentum. 🔹 Support Levels to Watch: Immediate support sits at the $50.00–$49.80 range. A break below this level could invite a retest of the MA99 ($44.86), a critical long-term moving average that previously acted as a launchpad. 🔹 Volume Spike with Rejection: Recent volume surge near $54 suggests strong selling pressure (long upper wick). This could indicate a short-term bull trap unless bulls reclaim MA7 and consolidate above $52.50. ⚔️ Bullish Scenario: A clean break above $52.50 with solid volume would invalidate the bear case. This opens the door for a retest of $55.00, and potentially $58.00–$60.00 range in a continuation push. ⚠️ Bearish Risk: Failing to reclaim short MAs = potential dump back toward $46–$44 zone. Loss of $44.86 (MA99) would confirm a trend reversal on this timeframe. 🔍 Summary: TRB is at a critical inflection point. Bulls must reclaim $52.50 soon — otherwise, a deeper retracement is likely. Short-term caution, long-term opportunity if support holds.
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