$TRB — 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗽𝗿𝗶𝗰𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 🚨🔽
TRB has broken the daily support at 29.300 and dropped all the way down to 27.700 (current price). From a daily perspective, the next support zone lies between 25.750 and 27.200. If this area holds, we might see an upward bounce. However, any breakdown below this zone could lead to a steep decline toward the weekly support range of 10.050 to 15.200.
From the weekly perspective, TRB appears to be heading toward the 25.750–27.200 zone. Any upward movement before testing this support would likely be unstable, like a castle built on sand. A clean break below this level may lead to at least the 15 range. However, a bounce is possible around the 22.5–23.0 zone, so caution is advised if price enters that area.
Currently, TRB is in a clear bearish trend. From the daily chart, this downtrend appears to have started between yesterday and today. Unless strong positive sentiment enters the market soon, TRB is likely to test the lower support levels. If it breaks 25.750 and drops into the 21–23 range, the RSI will likely hit 30, indicating oversold conditions, which could trigger a temporary bounce. However, the most significant support remains between 10 and 15.
From the 4-hour timeframe, any break below 25.750 should be approached with caution, as it could be a fake breakout. This scenario is highlighted in the red circle on the 4H chart (image attached). On the 4H chart, the nearest resistance is at 28.250. A breakout above this could lead to a retest of 29.500 before another possible drop.
So while lower timeframes show potential for a short-term bullish move (due to oversold conditions), the overall trend on higher timeframes (daily and weekly) remains weak. You can take short-term trades, but long-term positions carry high risk and may result in liquidation in case of sudden price swings.
Always DYOR (Do Your Own Research).
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