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TRBUSDT trade ideas

#TRBUSDT (Watchlist) 8-2023 Tellor is a decentralized oracle network that provides trusted and reliable data to smart contracts on the Ethereum blockchain. It does this by using a network of data reporters who compete to provide the most accurate data. The data reporters are rewarded with TRB tokens, which are the native currency of the Tellor network. TRB tokens can be used to pay for data on the Tellor network, to stake for rewards, and to participate in governance. Tellor is a valuable project for the DeFi ecosystem, as it provides a secure and reliable way to get data into smart contracts. Coin information summary: All-time high: $161.12 (May 2021) Sector: Decentralized finance (DeFi) Project: Decentralized oracle network Category: Proof-of-stake Latest news: Tellor partners with Chainlink to provide decentralized price feeds for DeFi applications Tellor announces new data source for its oracle network Tellor integrates with Uniswap to provide decentralized price feeds for liquidity providers Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
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by HamadaMark
1
long trbHow to Trade Using the SMC Trading Strategy: We would learn Smart money entry patterns and methods such as: SMC Reversal Entries How to identify valid CHOCH. Major and Minor change of character (CHOCH) Aggressive Entry setup Entry Methods: Firstly let us examine the entry method we can use in the SMC trading strategy. Smc entry methods are divided into two major subcategories namely: The reversal entry method The continuation entry method The reversal entry method can further be divided into two namely: Change of character (CHOCH) or change of market structure. Flip entry setup.
Long
by qtranhtc
TRBUSDT inverse head and shouldersFalling Wedge Breakout: TRBUSDT has successfully broken out from a falling wedge pattern. Falling wedges typically signify a bullish reversal pattern, suggesting the potential for a shift from a downtrend to an uptrend. Inverse Head and Shoulders Formation: The market is currently in the process of forming an inverse head and shoulders pattern. This pattern involves three troughs, where the central trough (the "head") is lower than the two surrounding troughs (the "shoulders"). An inverse head and shoulders pattern is often viewed as a bullish reversal indicator. Breakout and Retest Strategy: According to the analysis and in line with Plancton's Rules, a key strategy is being employed. This strategy entails waiting for a breakout from the inverse head and shoulders pattern, followed by a retest of the breakout level to confirm its new role as support. This methodology is in harmony with established technical analysis principles, where a breakout and successful retest can suggest a continuation of a bullish trend. New Long Position Opportunity: Should the price execute the breakout and subsequent retest, a new long position could be contemplated. This would involve buying the asset with the expectation that its value will increase. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
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.
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by MyCryptoParadise