$TRB Analysis: Potential Long and Short Opportunities
1. Strong Support Zone for Longs
- Around $48.735 - $49.92**, represent a key support level. This zone, with only a 2.42% depth, offers a high potential Risk-to-Reward (R:R)ratio for opening long positions.
Traders looking for a well-defined entry with limited downside may find this level attractive, given its history of strong support.
2. Profit Target and Short Setup
- If
$TRB reaches the $109.877 mark, this could be an ideal profit-taking point for long positions, while also presenting an opportunity to flip into a short. This area aligns with the 0.65 Fib retracement and sits within the resistance region, making it a potential reversal zone.
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