Here's a brief technical analysis and trade signal for the $TRB
/USDT pair, based on the available market data:
Technical Analysis:
Current Price: $66.7 (up by 6.60% in 24 hours)
Trend: Bullish momentum confirmed with a significant increase in price (+6.60%) in the last 24 hours. Prices are approaching a short-term resistance zone.
Support Zone: The 24-hour low at $62.43 and the market depth indicating strong bid support near $64.33.
Resistance Zone: Near the 24-hour high of $67.12 and $67.33. These levels have previously shown sell pressure, and a breakout above could signal continuation.
Trade Signal:
Entry Point: If the price dips to $65.00 or consolidates near current levels around $66.70, it's a good area to enter.
Target Levels:
1. Target 1: $67.50 (First resistance zone breakout)
2. Target 2: $69.00 (Continued momentum towards next resistance)
3. Target 3: $72.00 (Longer-term goal if the uptrend continues)
Momentum:
Bullish Momentum: RSI or MACD should be monitored for overbought conditions. If momentum slows near Resistance 1 ($67.50), it may signal short-term consolidation before moving to higher targets.
Risk Management: Keep stop-loss orders at $62.50 (just below the 24h low). If price breaks below this level, bearish signals would dominate.
This trade setup aims for medium-term gains while maintaining risk control. Adjust based on the evolving market conditions.