$TRB — Things Are Getting Nasty (most likely)

#Tellor is struggling to hold its support at $115. Moreover, one the 1H chart Tellor lost the important EMA200.

Combined with the #bearish momentum indicators on the daily chart (RSI, Stochastic, etc) the likeliness of a stronger correction is increasing.

Since there's no support from the broader market at the moment, the 115 support becomes essential.

👉 If it holds we might see a reversal towards the upper resistance (as expected in my post this morning).

👉 If it doesn't hold, we could see a correction to the area of $90-$100.

Unfortunately, the latter is more likely at the moment.

How to proceed: The approach stays the same — personally, I won't open any trade as long as $TRB trades in the channel between 115-145.

However, as soon as it breaks out some quick gains are almost guaranteed.