$TRU Update 🚨
$TRU has broken out of its main falling wedge pattern after consolidating for the past few months! 📉➡️📈 This is a major technical signal indicating potential for significant upward movement in the near future. 🔥
What's Happening?
Falling Wedge: The falling wedge pattern is typically a bullish continuation pattern, where the price gradually narrows between two converging trendlines. A breakout from this pattern often signals the start of an uptrend.
Consolidation: Over the past few months,Hasbeen in a period of consolidation, meaning it was trading in a relatively tight range with no strong direction. Now that it has broken out of this pattern, the potential for strong price movement is on the table.
Potential Gains 💰
After breaking the wedge, there’s potential for 100%+ gains if the bullish momentum continues. 🚀
First Target: The immediate goal is to watch for the price to maintain its breakout level and potentially target previous highs or resistance areas from before the consolidation.
Long-Term Potential: A sustained breakout could push even higher, depending on the market's response and broader trends.
Reminder: Always do your own research (DYOR) and keep track of broader market conditions. 📚📊
(Not financial advice, just sharing the technical analysis! 😉)
