$TRB Next move:
Based on the current chart and indicators, here’s a possible short-term outlook:
1. Potential Retracement: Given the high Stochastic RSI and MASTOCH RSI values, there’s a chance for a price pullback. If the downward momentum continues, it may test support levels around $80 or potentially even down to $60 if selling pressure increases.
2. Short-Term Resistance: The price struggled to break above $110, which now acts as a resistance level. If it fails to regain momentum and break through this, the price may stay in a range or decline.
3. Volume and Momentum: Watch the trading volume. If buying volume starts to weaken, it could signal that buyers are losing interest, increasing the likelihood of a dip.
4. Consolidation or Correction: If the price doesn’t immediately fall, it may enter a consolidation phase, moving sideways to gather strength for either another attempt upward or a correction.
In summary, the likely next move is either a consolidation or a slight pullback to test support levels. However, if it regains momentum and volume, a move back to the $110 resistance area is possible.
