🔥🔥 Trade Analysis 35: $TRB - Your Guide to Profiting from its Volatility!

TRB was one of the coins with the highest gains during the previous bullish run in the second half of 2023, experiencing a staggering 5500% increase! However, the price retraced by up to 93% from its all-time high of $555 in April 2024, only to rebound by 370% to $149 a month later. This extreme volatility means that timing your entry correctly can lead to significant profits.

Today, we'll break down potential scenarios for $TRB over the next few weeks to help you make informed trading decisions.

1. Continued Downtrend: The price may continue to decline and seek support around the $40 level. Multiple lows near $40 could form, or the price might dip even lower before consolidating with higher RSI values at the $40 level. This could present a buying opportunity for a long-term hold.

2. Sharp Drop: If the price breaks below $40 with high trading volume, a more substantial decline is possible. Shorting TRB in this situation could be considered, but proceed with caution and use stop-loss orders to manage risk.

3. Bullish Run: Alternatively, the price might surge past $80. If you decide to buy, be aware of the resistance levels at $90 and $120, which have previously halted price increases.

That's it for today $TRB Trade Analysis. I hope this short analysis help you make smarter trade decision.

Trade Smarter! Peace Out ;)

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