๐จ TRUMP/USDT Trade Analysis & Strategy โ Potential Bounce Play? ๐จ
TRUMP/USDT is showing signs of a potential reversal after a sharp downtrend, currently trading around $21.51 on Binance. With a 24H range of $18.55 - $23.87, volatility is high, offering great trading opportunities!
๐ Key Observations:
๐ Downtrend exhaustion? The price saw a steep drop but found strong support near $19.50 - $20.00, followed by a bullish push.
๐ Recovery in progress? Buyers are stepping in, forming a short-term higher low structure.
๐ Volume analysis: A volume surge during the bounce suggests active buying interest.
๐ Trade Plan & Strategy:
๐ข Long Entry:
Ideal entry zone: $21.00 - $21.30 (on retest & confirmation)
Stop-loss: Below $20.50 (to protect against fakeouts)
Take-profit targets:
TP1: $22.50 (Resistance level)
TP2: $23.80 (24H high & strong supply zone)
๐ด Short Opportunity:
If price rejects $22.00-$22.50, we could see a pullback.
Entry near $22.30-$22.50, stop above $23.00
TP at $20.50 for a 2:1 RR trade.
๐ก Risk-Reward & Final Thoughts:
This setup offers a great RR ratio, but itโs crucial to watch price action near resistance levels. If bulls take control, momentum could push TRUMP/USDT past $24.00 for another leg up.
๐ Will we see a strong rebound or more downside? Letโs trade smart!
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