$TRUMP /USDT Analysis: Bearish Trend with Recovery Signs
$TRUMP is trading at $21.05, showing a decline of 8.36% in 24 hours after hitting a low of $18.56. The price is attempting a recovery, but the bearish pressure remains strong.
Key Levels to Watch:
Resistance: $23.49 – Breaking above this could signal a bullish reversal towards $25.00.
Support: $19.00 – Holding above this level is critical to avoid further declines.
Trade Setup:
Long Entry: Above $23.49, targeting $25.00 and $26.50.
Short Entry: Below $19.00, targeting $18.00 and $17.00.
Market Insights:
The RSI at 54.55 suggests a neutral momentum, with potential for further recovery if buying pressure increases.
The MACD shows signs of improvement, but the histogram indicates mild upward momentum.
Monitor closely for a potential breakout above $23.49 or a breakdown below $19.00 for clear trade opportunities. Risk management is crucial in this volatile environment.
