Trading signal alert for the $TRB /USDT

TRB/USDT Technical Analysis (1-Hour Chart)

Overview

TRB/USDT is experiencing strong upward momentum, with the price surging by 10.58%, currently trading at $80.09. The coin recently hit a high of $83.05, marking a significant breakout before facing some selling pressure. This rally indicates a bullish sentiment in the market.

The Relative Strength Index (RSI) at 72.52 shows that TRB is entering overbought territory, suggesting traders should monitor for potential corrections or consolidations.

Key Levels

Resistance (Red):

$83.05 (Recent High)

$85.50 (Next major resistance)

Support (Green):

$79.30 (Immediate support)

$74.97 (Stronger support level)

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Trade Signals

Long Trade:

Entry Price: $80.09 (current price)

Take-Profit Targets:

1. $83.05 (Short-term resistance)

2. $85.50 (Major resistance)

3. $90.00 (Psychological level)

Stop Loss: $77.00 (below support at $79.30)

Short Trade (Risky in Bullish Trend):

Entry Price: $83.00 (near resistance zone)

Take-Profit Targets:

1. $80.00 (Current support)

2. $74.97 (Key support)

3. $72.34 (24-hour low)

Stop Loss: $85.00 (above resistance)

Indicators

RSI (6): Overbought at 72.52, caution for possible corrections.

Moving Averages: 20 EMA showing upward slope, confirming bullish trend.

Cautionary Note

While the trend remains bullish, traders should watch for stability near the resistance at $83.05 or potential breakout signals above this level. Volatility remains high, so manage risks with appropriate stop-loss levels.

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