Tellor Tributes TRB price pumping again. What next ?We personally do not want to trade a manipulative asset like $TRB.
Because we have a clear save picture of the ‘show’ in my head, when everyone was celebrating the New Year on 31/12, a team of enthusiasts bravely pumped up the #TRBUSDT price from $250 to $710 in a matter of minutes. Poor shorts man...
So:
👉 would we buy #TRB now - no
👉 is there a chance that #TRBUSD will continue to rise to $170-180 - yes
Where is it safe to buy TRB ? - not before the price reaches $70-80
Tellortributes
TRB/USDT Crucial Moment for TRB, What's the Next Move TRB ???💎 TRB is currently situated within a weekly resistance area, marking a pivotal moment for its trajectory.
💎 Examining past movements, TRB, just a week ago, experienced a substantial rejection at this level, plummeting 40% to reach a robust demand zone. Presently, TRB is retesting this weekly resistance area, following a notable rebound from the strong demand zone.
💎 A single confirmation is needed: a breakout of TRB through the weekly resistance and a daily candle closing above this resistance. If achieved, this area, once a formidable resistance, will transition into a support zone.
💎 Additionally, a prominent double bottom is visible on the chart, with the weekly resistance serving as the neckline for this pattern. A breakout in this area could effortlessly lead TRB to Target Profit 2.
Entry Strategies:
Spot Buy: Purchase post-TRB breakout and once the daily candle concludes above the weekly resistance area. This strategy is designed to circumvent false breakouts, necessitating a confirmation candle close.
Short Position: Await a bearish candle rejection within the 4h-12h timeframe and establish a short position. This position should be closed if TRB breaks out of the weekly resistance and the daily candle closes above it.
TRB/USDT Upward Movement Just make New lower high ?? Hello Paradisers, A Token to Watch
💎 TRB has repeatedly touched a significant demand zone, each time resulting in a price increase. It's now on track to test an hourly supply level.
💎 In its current trajectory, TRB seems to be forming a new upward leg with the aim of establishing a lower high in the supply zone, likely followed by a move to create a new lower low.
💎 However, if TRB successfully breaks through this supply level, it could potentially reach previous higher highs and maintain an upward trend.
💎 For those considering a short position, keep an eye on the supply area for signs of bearish activity or rejection. If you're looking to buy for spot trading, either wait for a confirmed break above the supply level or consider entering at a key support area if the breakout fails.
$TRB/USDT 12h (#BinanceFutures) Falling wedge breakout & retestTellor Tributes seems to have found local bottom and looks ready for recovery towards 100EMA!
tellor.io
Current Price= 31.58
Buy Entry= 30.78 - 28.46
Take Profit= 36.35 | 44.16 | 54.96
Stop Loss= 24.55
Risk/Reward= 1:1.33 | 1:2.87 | 1:5
Expected Profit= +22.72% | +49.09% | +88.55%
Possible Loss= -17.12%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 2 months
Contract:
#ERC20 0x88dF592F8eb5D7Bd38bFeF7dEb0fBc02cf3778a0
$TRB/USDT 12h (Binance Futures) Ascending wedge on support#TellorTributes seems to be holding the up-trend, time to swing!
Current Price= 24.159
Buy Entry= 24.002 - 22.402
Take Profit= 25.896 | 29.046 | 31.517
Stop Loss= 20.498
Risk/Reward= 1:1 | 1:2.17 | 1:3.08
Expected Profit= +11.64% | +25.21% | +35.87%
Possible Loss= -11.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 720h