The chart shows the TRUMP/USDT trading pair on Binance, with the price currently at $15.28, down by 8.61%. The 4-hour timeframe is selected, and the chart displays multiple moving averages (MA):
MA(7): 15.66 (yellow line)
MA(25): 16.29 (red line)
MA(99): 20.85 (purple line)
The trend is clearly bearish, as the price is below all the moving averages, and the 24-hour volume suggests significant selling pressure. To set up a short trade for $RUNE/USDT (if that's the target), consider the following:
Short Setup:
Entry Zone: Near resistance at $15.66 - $16.29
Targets:
T1: $15.00 (24h Low)
T2: $14.27 (previous support)
T3: $13.94 (next support zone)
T4: $13.00 (psychological level)
Stop Loss: Above $16.79 (24h High)
Long Setup (If Reversal at Support):
Entry Zone: If price rebounds from $15.00
Targets:
T1: $15.66 (MA(7) resistance)
T2: $16.29 (MA(25) resistance)
Stop Loss: Below $14.27
Market Insights & Pro Tips:
Watch the trading volume and candlestick patterns for confirmation.
Monitor the overall market sentiment, as meme coins can be highly volatile.
Use trailing stop-loss orders to secure profits in case of trend reversals.
Would you like more detailed technical analysis or help with another trade setup?
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