TRB – Break Support and Down You Go
TRB broke below the support trendline of the Rising Broadening Wedge.
The 21D EMA and the weekly S/R level at 46.7 is still holding Tellor’s price. As long as these support levels hold it could still try for higher.
If TRB drops below these supports, it could retrace most or all of its gains.
Wait for a retest of the 21D EMA as resistance before taking the trade (Assuming you are interested).
Look for a break below the RSI support as confluence.
A move down to the 200D EMA, at least, is likely, IMO.
Trade Idea:
• Entry: 45.5 (Retest of the 21D EMA as resistance)
• SL: 51 (ATR)
• Target: 13.5
• TP: TP1: 50D EMA, TP2: 200D EMA.
• R: R: For TP1: 1:1.55. For TP2: 1:4.4. For TP3: 1:5.93
The 21D EMA and the weekly S/R level at 46.7 is still holding Tellor’s price. As long as these support levels hold it could still try for higher.
If TRB drops below these supports, it could retrace most or all of its gains.
Wait for a retest of the 21D EMA as resistance before taking the trade (Assuming you are interested).
Look for a break below the RSI support as confluence.
A move down to the 200D EMA, at least, is likely, IMO.
Trade Idea:
• Entry: 45.5 (Retest of the 21D EMA as resistance)
• SL: 51 (ATR)
• Target: 13.5
• TP: TP1: 50D EMA, TP2: 200D EMA.
• R: R: For TP1: 1:1.55. For TP2: 1:4.4. For TP3: 1:5.93
Order dibatalkan
the conditions for this trade were not met. I did not correctly assess TRB's potential
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.