$TRU Update ๐จ
$TRU has broken out of its main falling wedge pattern after consolidating for the past few months! ๐โก๏ธ๐ This is a major technical signal indicating potential for significant upward movement in the near future. ๐ฅ
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 ๐ฐ
After breaking the wedge, thereโs potential for 100%+ gains if the bullish momentum continues. ๐
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. ๐๐
(Not financial advice, just sharing the technical analysis! ๐)
