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.
TRB-1.27%
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
  • 6
  • Repost
  • Share
Comment
Add a comment
Add a comment
fomo_fighter
· 01-19 14:15
The bears are flooding in, and $21.45 probably won't hold. This rebound is just a trap to harvest the retail investors.
View OriginalReply0
LiquidityOracle
· 01-18 20:34
Is a short position advantageous? Ha, I’m skeptical about this rebound. If $21.45 doesn’t hold, it’ll be awkward.
View OriginalReply0
ponzi_poet
· 01-16 14:49
TRB this wave down, it feels like the bears are really accumulating. If it can't break below 22.5, it's just a trap.
View OriginalReply0
SadMoneyMeow
· 01-16 14:46
Bearish frenzy, I'm ready to scoop it up haha

---

22.5 was broken again... This rebound is really just to trap stop-losses, right?

---

KDJ has been so weak, can it still go up? I doubt it.

---

Waiting to smash down to 21.45, then we'll see.

---

Rebound and then run, I've played this trick countless times.

---

Bear market paradise, a blood and tears story for retail investors.
View OriginalReply0
StakeOrRegret
· 01-16 14:44
It's the same old story again. Whether $21.45 breaks or not is the real point. I just can't believe that a rebound would trap the bears.
View OriginalReply0
LootboxPhobia
· 01-16 14:38
Starting to break down again, if 22.5 can't hold, then look down to 21.45.
View OriginalReply0