$TRUST
TRUSTUSDT – Breakdown Continues with Weak Buying Interest
TRUST is currently trading near $0.188, showing heavy downward pressure after a steep 65% correction.
The price failed to reclaim the $0.22–$0.23 resistance zone, which aligns with the high-volume area on VPVR, suggesting strong supply overhead.
Candlestick structure on the 1H chart reveals weak bounces and persistent selling near the EMA — indicating that bears are still in full control.
Trade Plan
Entry (Short): $0.188 – $0.192 (current rejection zone)
Target 1: $0.175 (recent low test)
Target 2: $0.160 (next support zone if selling pressure extends)
Stop Loss: $0.205 (above EMA and breakdown retest area)
Reason:
The volume profile shows heavy resistance near $0.22, and repeated rejections from that level confirm a bearish continuation setup.
Momentum indicators remain weak, with no significant divergence to suggest reversal yet.
Unless price reclaims $0.21–$0.22, the trend favors further downside.
My View
TRUST is clearly in a breakdown phase, with consistent lower highs and declining buyer volume.
Any short-term bounce is likely to face rejection near the EMA cluster around $0.20–$0.21.
For now, shorting rallies with strict risk management appears the better play until structure changes.
Bias: Bearish below $0.205 | Neutral between $0.205–$0.22 | Bullish only above $0.23
Disclaimer: This analysis is for educational purposes only and not financial advice. Always DYOR before trading.
#Trust