$TRUMP USDT: Bullish Breakout Signals Strong Recovery Momentum
Quick Technical Analysis: The $TRUMPUSDT pair is showing a classic bullish falling wedge breakout on the 4H chart, with price reclaiming key support at $7.333 after a brief dip. Current price at $7.693 reflects +1.79% gains amid rising volume (15.14M TRUMP / 115.68M USDT), indicating renewed buyer interest post-October capitulation. RSI is neutral around 50, avoiding overbought territory, while the candlestick close above the wedge trendline confirms upward bias. 24H range ($7.333-$8.000) holds firm, with potential for extension if volume sustains. This setup eyes a multi-month structure shift if we close above $8.00 daily.
Trade Setup (Long Bias):
- Entry Range: $7.60 - $7.70 (on pullback to wedge support or current consolidation)
- Target 1: $8.00 (immediate resistance flip, +4%)
- Target 2: $8.50 (next Fib extension, +10%)
- Target 3: $9.20 (monthly high target, +20%)
- Stop Loss (SL): $7.30 (below 24H low for risk management, -5% max)
Short Outlook: Bearish risks emerge if price fails to hold $7.333 support, potentially retesting $7.00 lows amid broader meme coin volatility. Watch for H&S invalidation below $7.50—could signal a quick 10% drop if sentiment sours.