Soon hits $15 $TRUMP is currently under significant bearish pressure, trading at $23.29, reflecting an intraday loss of 11.58%. After hitting a 24-hour low of $22.78, the asset is showing signs of consolidation near the lower Bollinger Band, hinting at potential volatility ahead.
Current Price: $23.29
24h Change: -11.58%
24h High: $26.64
24h Low: $22.78
Key Levels to Watch:
Resistance: $24.50 – A break above this level could lead to recovery towards $25.50 and $26.50.
Support: $22.50 – If this level fails, TRUMP may slide further towards $21.00.
Trade Setup:
Long Entry: Above $24.50, targeting $25.50 and $26.50.
Short Entry: Below $22.50, targeting $21.50 and $20.00.
Stop Loss: $23.00 for long positions, $24.00 for short positions.
Technical Indicators:
RSI: 49.93 – Neutral, indicating a potential range-bound movement before the next trend develops.
MACD: Bearish crossover, signaling continued selling pressure.
Bollinger Bands: The price is nearing the lower band, which might lead to a temporary bounce or breakdown.
Market Insight:
The bearish momentum in TRUMP/USDT suggests caution for traders. A decisive move beyond $24.50 or below $22.50 will likely define the next direction. Watch for volume spikes to confirm breakouts or breakdowns. Tight risk management is essential in the current volatile environment.
