Big move noticed — TRAC jumped hard from the lows and pulled back to ~0.63.
Short-term: momentum is still strong but cooling — look for a retest around 0.52–0.56 or a clean break above 0.70 for continuation. Mid-term: SMAs turning up, RSI in neutral—if price holds >0.50 it keeps the bullish edge. Longer-term: this looks like a breakout from consolidation. If volume stays higher, the next targets are 0.84 then ~1.00; if it fails support, expect a retrace to 0.42–0.48. Risk note: trade size carefully — this move is volatile. This is opinion, not financial advice.
Breakout/Structure (1–24h): Spike suggests supply exhaustion then pullback. If price re-tests and holds the new range (≈0.52–0.63), likely continuation. Failure = deeper retrace.
Moving averages (4h–1d): SMA5 above SMA10/20 — bullish short-term. A cross-down would signal consolidation or deeper pullback.
Momentum (RSI/MACD, 1–12h): RSI moved from overbought toward neutral — momentum cooling but not yet bearish. MACD histogram shrinking: watch for a sign change.
Scenario targets: Bull case — quick reclaim >0.70 → target 0.84 then 1.00. Bear case — break under 0.52 → targets 0.46 then 0.42.
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Big move noticed — TRAC jumped hard from the lows and pulled back to ~0.63.
Short-term: momentum is still strong but cooling — look for a retest around 0.52–0.56 or a clean break above 0.70 for continuation.
Mid-term: SMAs turning up, RSI in neutral—if price holds >0.50 it keeps the bullish edge.
Longer-term: this looks like a breakout from consolidation. If volume stays higher, the next targets are 0.84 then ~1.00; if it fails support, expect a retrace to 0.42–0.48.
Risk note: trade size carefully — this move is volatile. This is opinion, not financial advice.
Breakout/Structure (1–24h): Spike suggests supply exhaustion then pullback. If price re-tests and holds the new range (≈0.52–0.63), likely continuation. Failure = deeper retrace.
Moving averages (4h–1d): SMA5 above SMA10/20 — bullish short-term. A cross-down would signal consolidation or deeper pullback.
Momentum (RSI/MACD, 1–12h): RSI moved from overbought toward neutral — momentum cooling but not yet bearish. MACD histogram shrinking: watch for a sign change.
Scenario targets: Bull case — quick reclaim >0.70 → target 0.84 then 1.00. Bear case — break under 0.52 → targets 0.46 then 0.42.