$TRUMP /USDT is facing a tough battle at $16.52, showing continued bearish pressure after a strong downtrend. The price is hovering near a crucial support level at $16.00, where a breakout in either direction could set the next trend.
Long Trade Plan:
Entry: $16.52
Resistance to Watch: $17.50
Profit Targets:
TP1: $18.00
TP2: $19.00
TP3: $20.50
Stop-Loss: $15.80
Strategy: A price rebound above $16.50 with increased buying volume could push it toward resistance levels. Confirmation of bullish momentum is key.
Short Trade Plan:
Entry: $16.52
Support to Watch: $16.00
Profit Targets:
TP1: $15.50
TP2: $14.80
TP3: $14.00
Stop-Loss: $17.00
Strategy: A breakdown below $16.00 with strong selling pressure could lead to a further drop toward lower support levels.
Market Overview:
TRUMP/USDT remains in a sideways movement after a period of sharp selling. Traders should keep a close eye on price behavior around the $16.00 mark, as it could dictate the next big move. Given the heightened volatility, using tight stop-losses is crucial to managing risk.