TRBUSDT → High probability of a false breakout

TRBUSDT.P is testing resistance in the 38,700 range as part of a rally. The current strong movement may end in a false breakout...



TRB is forming a distribution pattern. After exiting consolidation, the price rallied 16%, exhausting its potential for further growth.
A false breakout of resistance could trigger a correction.

Bitcoin looks controversial in the overall situation. After a false breakout of the 110K resistance, the price is consolidating below the level. If the flagship correction begins, it may also trigger a correction in altcoins...

Resistance levels: 38,700
Support levels: 35.98, 33.65

If the price fails to consolidate above the level and continue to rise, this will confirm the absence of bullish potential. A false breakout and price consolidation below 38.700 will trigger a correction to 36 - 33

Best regards, R. Linda!