TRB/USDT Technical AnalysisThe TRB/USDT chart in the 1-hour timeframe shows that the price has recently broken above the long-term descending trendline (green). This breakout signals a potential start to a bullish move, provided the price can establish a solid hold above this critical level.
If the price stabilizes above the downtrend line, the first significant resistance lies at 67.11. Breaking this level could push the price toward the next targets at 78.39 and 84.22, which are key resistance zones for further upside momentum.
Targets:
67.11
78.39
84.22
Stop Loss: The stop loss is set at 55.5, positioned below a key support level. If the price drops below this level, the bullish scenario would be invalidated.
Conclusion: The breakout above the downtrend line offers a strong bullish signal. Traders should monitor price action closely and ensure proper risk management with the stop loss at 55.5. If the price remains above the trendline, the stated targets provide clear profit-taking zones.
