Tellor Ready To RollLSE:TRB looks primed for some bullish moves. The token printed a bullish MACD Crossover on the daily chart just today. In addition, Tellor broke through its local resistance at $75 and confirmed it on the daily chart, too.
Moreover, the bullish MACD crossover shows solid results in backtests. Based on 28 appearances, the signal led to gains of 10% and more, up to 71%.
From a trade setup point-of-view, a first take profit goal can be set at $89, leading to gains of ~14%. As 2nd take profit, the EMA200 seems logical, sitting at $92.50, resulting in 20% gains.
A stop loss can be added slightly below the previous resistance at $75 (e.g., 74.5), resulting in a risk/reward ratio above 5!