Greetings, 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...
On D1, a strong divergence has formed between the price and MACD, which indicates the end of the downward movement.
Also, the price broke the borders of the falling wedge pattern.
In the near future, we should expect the price to continue rising in the direction of the upper line of the descending channel.
We recommend buying at the local price correction on H4 and H1.
