TRB's daily chart is now quite interesting — a classic head and shoulders top pattern has emerged, which typically indicates a trend reversal. From a technical perspective, the risk of a breakdown is indeed increasing, with the $17 level being a key support.



In the short term, the bearish momentum is clearly strengthening. If this level cannot hold, there may be a rapid decline. Of course, this also depends on the overall market performance. Traders have been closely watching whether this support can be effectively broken; if it does, further downside may follow.

When shorting, be sure to pay attention to risk management, as although this type of technical pattern has some reference value, market changes are always swift.
TRB-2.39%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
zkProofGremlinvip
· 11h ago
Head and shoulders top? Haha, here we go again. Last time I was so confident, and the result was a reverse surge. Honestly, I don't quite understand. If it breaks 17, I'll keep looking for the bottom, but who knows, maybe there will be a V-shaped rebound again someday. Technical analysis is like that; it seems to follow patterns but is actually all an illusion. Risk management is something I have to mention every time. Anyway, if you're already in a position, you're in a position. Just pray, everyone. The key now is how the overall market moves. No matter how beautiful the pattern of a coin is, it has to follow the market's lead. Can $17 really hold? I'm a bit skeptical.
View OriginalReply0
ChainComedianvip
· 01-09 13:00
Head and shoulders top? Here we go again, every time they call a breakout it bounces back. If we can't hold $17 we might as well wait to die, I'm numb to it anyway.
View OriginalReply0
WealthCoffeevip
· 01-09 12:59
Head and shoulders top? I've seen this trick too many times, and in the end, it's just a reverse rally that blows up the short positions. Whether it breaks below $17 or not, we'll see. It's too early to draw conclusions now.
View OriginalReply0
DogeBachelorvip
· 01-09 12:39
If you can't hold onto 17 yuan, you'll have to wait for the bottom to buy in.
View OriginalReply0
RektButSmilingvip
· 01-09 12:34
The head and shoulders pattern is coming up again. Can the 17-dollar level really hold? I bet it will break.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)