TRBUSDT Smashes Bearish Chains 💥💎#TRBUSDT has finally shattered the confines of the declining channel on the daily timeframe. For 108 long days, it remained bound by this descending trajectory, but now, a glimmer of hope emerges, hinting at a potential trend reversal.
💎While #TRB steadily ascended, the uptrend trendline proved its significance, consistently guiding the price higher, even up to this very moment. Todays' bounce off the trendline occurred precisely at the $11.68 low, aligning perfectly with the long-term demand area. This exceptionally positive development for #Tellor foreshadows rapid growth in the days ahead.
💎Yet, it's essential to acknowledge that the upper trendline of the descending channel could still act as a magnet, potentially leading to a retest before #TRB embarks on a ballistic journey. However, equipped with the knowledge of the higher probability outcome, we will seize the most lucrative opportunities.
💎Now, let us consider the key to maximizing profits. In the case of #Tellor, the price should aim for at least the double Fibonacci resistance, as clearly marked on the chart. Proper exit strategies are critical for traders, and Paradisers must remain attentive to the previous lower low, for a breach below could be an ominous sign for buyers.
