$TRB is currently trading around $68.70 on the 1-Hour chart. The chart shows multiple resistance levels above the current price, indicating potential barriers to upward movement. The immediate support at $68.68 provides some defense against further declines, but the overall sentiment leans bearish given the sparse support levels below.
Key resistance levels to monitor are at $70.53, $71.83, and $72.18. Support levels to watch include $68.68, $68.21, and $65.50. The current volume is 831.85, indicating relatively low turnover and reinforcing the cautious sentiment.
For a potential trading strategy, consider entering a long position if the price climbs above $69.00, with a stop-loss at $68.00 and take-profit targets at $72.00. Alternatively, a short position could be considered if the price drops below $68.00, with a stop-loss at $69.00 and take-profit at $65.50.
This approach helps in capitalizing on the bearish trend while managing potential downside risk. Follow for more; youâll earn better with us.
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