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Looking at TRB's recent performance, many people are asking whether they can still go long and enter the market. To be honest, the current market conditions are not very friendly.
After a rally, the high points have not been broken again, and instead, the candlesticks are being pushed down one by one. Small doji and small bullish candles are just wasting time, and the on-chain capital inflow also lacks volume support. From the bullish side, there is no sign of an upward trend. In this kind of pattern, chasing longs is basically waiting to be crushed when others are forced to exit.
The current advice is as follows: if you have already entered at a low level, hold on. But if you haven't gotten in yet, I don't recommend chasing at this price level. It's not that the market has no opportunities, but the cost-effectiveness at this point is indeed not favorable for the bulls.
The most important thing in trading is to learn how to avoid trades with no chance of winning. Only then can you achieve stable profits. Real opportunities will come, but now is not the time.
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Dead holding at low levels, new entrants, don't be foolish. Now is the time to be the bag holder.
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Honestly, TRB's current trend is really awkward, just wasting time.
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Agreed, chasing highs is asking for trouble. Instead of making quick money, it's better to wait for real opportunities.
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Damn, after looking at the volume for a while, there's no room for imagination at all.
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Now entering the market is basically following the trend and getting cut, waiting doesn't hurt.
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That's right, the current price point has poor cost performance for the bulls, let's wait a bit longer.
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TRB is now just a boring place, no fun, watching and waiting.