Short Entry upon Wedge Breakdown for TRBGreetings, Snipers!
TRB has risen over 200% in less than a month during a bear market
The pump and dump forms a rising wedge
In the shorter timeframe, there is a clear diagonal support
We can short once there is a breakdown of this support.
TP1 at $24.4
TP2 at $16.6
Please ensure risk management and stop-loss (trailing $31, $34, $36 for futures) as this coin has a pump-and-dump nature. There is a price discrepancy with TRB futures, so beware of the funding rate.
Happy Sniping!
Trbusdc
TRB quick H&STellor just formed Head and Shoulders 🤷 pattern on 15m and also broke the yellow uptrendline IF price breaks the Neckline 39.15 and stays below for a few bars, I will set SELL LIMIT order to the neckline level to catch the backtest as I think there is chance for drop to 35.9 later.
ENTRY : backtest of the Neckline @ 39.1
STOPLOSS (SL) : Left Shoulder @ 40.47
TARGET (TP) : Inverted H&S target projection @ 35.9
REWARD RISK RATIO (RRR) : 2.5
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
TRB has great potential. :)Hello, I am publishing today my first idea on the pair TRBUSDT , time frame 2h. As always I will be mentioning a few scenarios and for each I am giving the reasons why I think that way.
FIRST SCENARIO- The market has been hurt these days by BTC. But TRB seems to recover so fast in the area between 87-96.5$. Even though we can clearly see a downtrend in this time frame, looking at the RSI, it shows a small sign of a bullish trend. However a lot of volume is needed, because if not, The RSI may show a bearish divergence. However I expect at first a small drop between 76-86 area, in which is a very buying opportunity. I think there will be at least another drop in price. In that area is a great moment to buy. If you want to have a SL, I would recommend it to be under 74$. But TRB recovers very fast, and to me it has great potential with this movement it is doing.
SECOND SCENARIO- If the daily candle closes as a hammer, probably in a few hours we could see movement in the area between 87-94$. We could be witnessing a trend reversal and the price may hit the TP of 125-127$. However it is critical to see how the daily candle stick will close and if there will be another drop of BTC and all the coins. Trade with caution and be careful while trading. TRB is very good, and recently it has recovered quite better. Be patient. If you do not feel like trading in this volatile market, step aside. Hope you liked my idea and you are free to comment for everything. :)
$TRB - gonna popThis chart looks very nice, looks to be ready to pop out this bottom range - a 5 month area of consolidation
The coin only released very late August 2020, with only a 1,7 million supply
It's another DeFi project that works in decentralised lending, where they work on providing solution for oracles and collarorations with ChainLink.
Technically a very nice chart, and fundamentally very sound too, fill the bags boys