$TRB

TRB/USDT Technical Analysis – 23 Dec 2024 🚀💎

💰 Current Price: $61.88 (+2.81%)

📊 24H High/Low: $61.89 / $57.74

🔄 24H Volume: 148,396.09 TRB ($8.93M USDT)

📈 Market Overview

TRB/USDT is showing moderate bullish momentum with a +2.81% gain in the last 24 hours. The price is hovering near the 24h high, signaling potential for further upside if momentum sustains. Key indicators such as SAR and Bollinger Bands are critical in identifying the next move.

🎯 Key Targets

1️⃣ Target 1: $62.10

Why: A minor resistance just above the 24h high, representing an immediate breakout level. Breaking this would signal continued bullish momentum.

🔥 Action: Watch for volume spikes and MACD crossovers for confirmation before entering.

2️⃣ Target 2: $64.50

Why: A medium-term resistance based on recent price trends and Fibonacci levels. A successful move past $62.10 could open the door to this zone.

🚀 Action: Monitor Bollinger Band expansion and EMA alignment for validation.

3️⃣ Target 3: $67.00

Why: A psychological resistance level and significant upward target, suggesting strong bullish continuation. Breaking $64.50 is key to reaching this level.

⚡ Action: Confirm breakout strength with high trading volume and a bullish MACD trend before aiming for $67.00.

📌 Indicators to Watch

SAR (Stop and Reverse): Support at $58.76 is a key level to hold for continued bullish momentum.

📊 Bollinger Bands: Price near the upper band; a breakout could drive further upside.

📈 MACD: Look for bullish crossovers to confirm upward trends.

🎯 Trading Strategy

1. 🔑 Support Levels: $58.76 (SAR) and $57.74 (24h low) for risk management.

2. 📉 Momentum Play: Enter on breakout above $62.10 or after a pullback to support. Place stop-loss below $58.76.

3. 💸 Profit Booking: Consider partial exits at $64.50 and $67.00 while using a trailing stop to secure profits.

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