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TRB recently experienced a significant pullback around the $22.50 level. Based on the current trend, the price has entered a consolidation near the moving averages, reflecting a weakening of buying strength. The KDJ indicator is trending downward, and market selling pressure continues to be released, indicating that bearish sentiment is still spreading.
In this context, any rebound in price is more likely to be a short-term technical correction rather than a genuine trend reversal. Such rebounds are often good opportunities for short sellers to position. Looking from below, the support level at $21.45 may become the next testing point. Overall, the current environment favors the bears.
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22.5 was broken again... This rebound is really just to trap stop-losses, right?
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KDJ has been so weak, can it still go up? I doubt it.
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Waiting to smash down to 21.45, then we'll see.
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Rebound and then run, I've played this trick countless times.
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Bear market paradise, a blood and tears story for retail investors.