technical analysis and trade signal for $TRB /USDT with three target levels and trade momentum:🚀🚀🚀🔥🔥🔥

Current Price: $68.39

24h High: $74.17

24h Low: $67.07

Recent Price Movement:

The price has been under selling pressure, dropping by 6.20% in the last 24 hours, with momentum showing some negative price action in shorter timeframes (15m, 1h, 4h, 1D).

The Relative Strength Index (RSI) suggests the price is nearing oversold territory, which could indicate a potential bounce if buyers step in.

Support Level: $67.07 (24h low) is a key support area.

Resistance Level: $74.17 (24h high) is the immediate resistance.

Trade Signal:

Trend: Bearish momentum in the short term, but potential for a rebound as the price approaches key support levels.

Entry Point: Wait for the price to stabilize near $67.07 (support) or break above $68.50 (SAR).

Stop Loss: $66.00 (just below the support level).

Take Profit (Target Levels):

1. Target 1: $72.00 (resistance level).

2. Target 2: $74.17 (24h high).

3. Target 3: $76.50 (next potential resistance area).

Trade Momentum:

The current momentum shows short-term bearishness, but the price is approaching a support zone, which could lead to a reversal if buying pressure comes in.

Volume: The trading volume (11.33M USDT in 24h) suggests strong market activity, indicating potential for price fluctuations.

Depth: 1.60% suggests moderate buying and selling pressure.

Recommendation:

For Bulls: Enter near the $67.07 level with a stop loss at $66.00, aiming for $72.00 as the first target.

For Bears: Wait for a break below $67.00 to continue the downward momentum, targeting $65.00 or lower.

#BinanceAlphaTop5 #BTCNewATH #PENGUOpening #USUALSpotPrediction