đ„ **Potential Breakout Alert!** TRB is flirting with a critical resistance zone, and the charts are signaling a potential breakout. The price action has been consolidating above a strong support zone, which could serve as a launchpad for a significant upward move.
**đ Key Technical Insights:** - **Resistance Zone:** Around $80, which has been tested multiple times and could finally give way. - **Support Zone:** Holding strong between $60 and $65, providing a solid base for bulls. - **Descending Trendline:** A breakout above this line could signal a major trend reversal. - **Volume:** Watch for an increase in trading volume as it could confirm the breakout.
**đŻ Trading Plan:** - **Entry:** Consider entering a long position on a confirmed breakout above $80. - **Stop-Loss:** Set a stop-loss around $60 to manage risk if the breakout fails. - **Leverage:** 10x (Be cautious and adjust according to your risk management plan). - **Targets:** - **Target 1:** $100 â Close some of your position here to secure profits. - **Target 2:** $150 â This level could be reached if bullish momentum continues.
**đĄ Pro Tip:** - **Risk Management:** Always risk only what you can afford to lose. Use trailing stops to protect your gains as the price moves in your favor. - **Confirmation:** Wait for a clear breakout above the resistance with strong volume before committing fully to the trade.
**đ Market Sentiment:** - **Bullish Indicators:** Several indicators suggest the bulls are gaining control. Watch for increased buyer interest and positive market sentiment.