$TRB 2h Bybit: What's Next Tellor?

Hi! Tellor consolidating, new impulse possible to both directions. Price has already declined over 80% since top, the logaritmic 0.5 of total $9-$644 move is around $75-$80. That corresponds to demand zone lower yellow box. Price is above 100,200,400 sma daily, 50d around 130 trending up still.

- Main trigger is $102-$110 to enter positions either direction.
- Strong bull above $140, strong bear below $75.
- no/low lev

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Zoomed 4h

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old plan did really good although i exited my longs and partially spot in october way before the mad rally in dec.

Similarly as beginning of that trade positioning patiently and carefully, big wicks bound to happen, leverage is tricky

LFG! $1000

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UPDATE: trb broke out nicely into 160 res with solid volume. now flipping 130-140 into sup will take price towards $200 soon. For me immediate downside is invalidated now

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Update: original idea failed, TRB continues to make LH's since start of the year although it looks like an ABCDE finishing bottom channel. It has my interest again and I expect it to do something sooner than later. Here's that ABCDE channel:

We have swept liquidity at $80 which was an original target to start a potential reversal in case $100 would break. it did and it doesn't look like $46 range is in the cards.

Spot Entry $80-100. TP1 $160 TP2 $250 TP3 ATH
Perp Entry break of $120