#TRB update
Currently, TRB is strongly holding in the range of $108 to $112. After a nearly tenfold increase from its last month's price, TRB has yet to exhibit any signs of a reversal. Buying volume continues to outweigh selling volume. However, there is a twist as TRB is forming a Triple Top pattern, which is typically a bearish pattern. If TRB follows this pattern, we might witness a significant drop in TRB's price. Nevertheless, the likelihood of this occurring is lower when compared to the possibility of an upward movement. This is because relying solely on the Triple Top pattern is insufficient to justify taking a short position. Other factors such as buying volume, RSI, and market sentiments do not support a downward scenario.
If TRB breaches the $100 level, it may indicate a downward movement, whereas a breakout at $125 would suggest an upward trend. So, it's prudent to exercise patience and allow TRB to determine its course. Trading within a parallel channel demands patience, and the rewards may not always align with our expectations.
