👋 Welcome to the TradeCityPro channel! Let’s analyze the TRB coin from a spot perspective, avoiding a focus on futures, while examining its technical triggers and potential targets.
🏆 Bitcoin Overview
Before diving into TRB, let’s quickly touch on Bitcoin. Last night, BTC experienced a sharp corrective move with some FOMO-induced sell-offs, causing market-wide fear. However, the dip was primarily confined to Bitcoin, and it quickly rebounded.
Corrections like this are typical during a bull market, and maintaining calm is crucial. With proper risk management in place, such moments shouldn’t lead to panic. Remember, the worst-case scenario is hitting a stop loss, but often, positions don't even get triggered in such volatile conditions.
📅 Weekly Time Frame
TRB is among the coins that experienced a significant pump of over 1,000% before the bull market even began. A key positive aspect is that it never returned to its previous yearly low, similar to Solana.
After this strong upward movement, it consistently bounced off a robust support level, indicating that sellers are losing momentum and buyers are entering the market.
Additionally, a downward trendline is evident, which is more of a continuation pattern. Breaking this trendline doesn’t require a specific trigger; after the breakout, we’ll invalidate all lower-high resistances, leading to higher price movement.
With the current weekly candle, we can open a position in spot trading because , The candle has significant volume , It has broken the trendline , RSI is poised to enter overbought territory next week.
Fibonacci Analysis for Targets By drawing a Fibonacci retracement from a clear high (ignoring FOMO-driven peaks), we can identify The 52.37 level aligns with the 0.382 Fibonacci level, making it a strong support zone.
Target Levels :After breaking the 136.49 resistance, there are no significant resistances until Fibonacci extensions at: 243.12 - 623 - 1219
These levels are realistic, assuming TRB reaches a market cap of $2 billion, which depends on its ongoing development and adoption.
💡 BTC Pair Insight
On the TRB/BTC pair, the coin has formed a green candle after bouncing from the 0.000723 support level.
The good news is that TRB consolidated during its downtrend rather than continuously falling. After breaking 0.001215, a significant upward trend can begin , RSI breaking 50.80 would provide additional momentum confirmation.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
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