$TRB is at $21 with a 9 out of 14 setup score, and the 20-day mean at $20.0255 is the only line I care about.
volume over the last 5 days is running 1.55x the 20 days before it, and that's what makes me lean long. a bounce on thin volume I'd ignore, this one has people in it. it's up 12.77% on 30 days, 6.5 points ahead of BTC over that stretch, and the daily MACD histogram is positive with RSI at 56, so it isn't stretched.
the 24h high of $23.6 is also the 10-day swing high, 12.6% above spot. that's the target, nothing fancier. daily ATR is 8.3% of price, so it can cover that ground fast and shake you out just as fast. size it like you know that.
$TRB trades at $21 right now. if it holds $20.0255, I think it goes back and tests $23.6. if it loses $20.0255, I'm wrong on this and there's nothing to defend, and a long is left with no trend underneath it.
holding $20.0255 or losing it?
follow me for more calls like this.
volume over the last 5 days is running 1.55x the 20 days before it, and that's what makes me lean long. a bounce on thin volume I'd ignore, this one has people in it. it's up 12.77% on 30 days, 6.5 points ahead of BTC over that stretch, and the daily MACD histogram is positive with RSI at 56, so it isn't stretched.
the 24h high of $23.6 is also the 10-day swing high, 12.6% above spot. that's the target, nothing fancier. daily ATR is 8.3% of price, so it can cover that ground fast and shake you out just as fast. size it like you know that.
$TRB trades at $21 right now. if it holds $20.0255, I think it goes back and tests $23.6. if it loses $20.0255, I'm wrong on this and there's nothing to defend, and a long is left with no trend underneath it.
holding $20.0255 or losing it?
follow me for more calls like this.