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.
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zkProofGremlin
· 13h 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.
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ChainComedian
· 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.
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WealthCoffee
· 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.
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DogeBachelor
· 01-09 12:39
If you can't hold onto 17 yuan, you'll have to wait for the bottom to buy in.
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RektButSmiling
· 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.
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.