Hello, I am publishing today my first idea on the pair TRBUSDT , time frame 2h. As always I will be mentioning a few scenarios and for each I am giving the reasons why I think that way.
FIRST SCENARIO- The market has been hurt these days by BTC. But TRB seems to recover so fast in the area between 87-96.5$. Even though we can clearly see a downtrend in this time frame, looking at the RSI, it shows a small sign of a bullish trend. However a lot of volume is needed, because if not, The RSI may show a bearish divergence. However I expect at first a small drop between 76-86 area, in which is a very buying opportunity. I think there will be at least another drop in price. In that area is a great moment to buy. If you want to have a SL, I would recommend it to be under 74$. But TRB recovers very fast, and to me it has great potential with this movement it is doing.
SECOND SCENARIO- If the daily candle closes as a hammer, probably in a few hours we could see movement in the area between 87-94$. We could be witnessing a trend reversal and the price may hit the TP of 125-127$. However it is critical to see how the daily candle stick will close and if there will be another drop of BTC and all the coins. Trade with caution and be careful while trading. TRB is very good, and recently it has recovered quite better. Be patient. If you do not feel like trading in this volatile market, step aside. Hope you liked my idea and you are free to comment for everything. :)
FIRST SCENARIO- The market has been hurt these days by BTC. But TRB seems to recover so fast in the area between 87-96.5$. Even though we can clearly see a downtrend in this time frame, looking at the RSI, it shows a small sign of a bullish trend. However a lot of volume is needed, because if not, The RSI may show a bearish divergence. However I expect at first a small drop between 76-86 area, in which is a very buying opportunity. I think there will be at least another drop in price. In that area is a great moment to buy. If you want to have a SL, I would recommend it to be under 74$. But TRB recovers very fast, and to me it has great potential with this movement it is doing.
SECOND SCENARIO- If the daily candle closes as a hammer, probably in a few hours we could see movement in the area between 87-94$. We could be witnessing a trend reversal and the price may hit the TP of 125-127$. However it is critical to see how the daily candle stick will close and if there will be another drop of BTC and all the coins. Trade with caution and be careful while trading. TRB is very good, and recently it has recovered quite better. Be patient. If you do not feel like trading in this volatile market, step aside. Hope you liked my idea and you are free to comment for everything. :)