TLRY - Cannabis is Waking Up Here's the Roadmap

TradingView2026/04/23 21:18

By:TradingView

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

After a prolonged downtrend, the stock has been consolidating within a falling wedge structure, with a key decision zone clearly defined between $7.60 and $8.35. Yesterday we saw a breakout attempt accompanied by a significant volume surge **29.41M vs. a 30-day average of 3.78M, nearly 8x**. However, there is still no confirmed daily close above resistance.

As long as price holds above the zone, momentum supports the bullish scenario with Fibonacci resistance levels at $9.54 (0.236) and $12.14 (0.382). A daily close above $8.35 would strengthen the case for continuation, while a failure and close back below $8.00 would signal a return to consolidation or renewed bearish pressure.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

TLRY - Cannabis is Waking Up Here's the Roadmap

You may also like

Crypto prices