๐ธ TRUMP/USDT โ RSI Overbought, Testing Resistance | Master Trade Analysis ๐ธ
Overview:
$TRUMP is up 3.23%, trading at $10.86, with a 24h high of $12.47 and a low of $10.27. On the 30m timeframe, price is testing the upper Bollinger Band ($10.81), signaling a key resistance area. RSI at 82.10 is heavily overbought, suggesting an imminent pullback or a cooling-off period.
Technical Analysis:
๐น Bollinger Bands: Price is riding the upper band ($10.81), indicating strong bullish momentum.
๐น RSI (6): 82.10, well into overbought territoryโprofit-taking risk.
๐น MACD: DIF: 0.02, DEA: -0.03, MACD: 0.05, bullish crossover confirmed.
๐น Volume: 286K TRUMP, decent trading activity.
๐น Moving Averages: 5-MA ($303.8K) above 10-MA ($200.7K), confirming short-term bullish trend.
๐น Stochastic (K/D/J): K: 83.14, D: 69.14, J: 111.16, deep overbought, possible reversal incoming.
Trade Strategy:
๐น Support Zone: $10.15 - $10.30, strong buy zone if price retraces.
๐น Resistance Levels: $11.00 - $12.00, high-risk rejection area.
๐น Stop-Loss Placement: Below $10.20, to protect against downside volatility.
๐ฅ Master Trade Setup ๐ฅ
โ Scalping: Sell $10.85 - $11.00, target $10.30, SL $11.20.
โ Swing Trade: Buy $10.20 - $10.30, target $11.50 - $12.00, SL $10.00.
โ ๏ธ Breakout Watch: A 30m close above $11.00 could push price toward $12.50+.
๐ก๏ธ Risk Management:
๐น Capital Allocation: Risk 2-5% per trade.
๐น Stop-Loss Discipline: Stick to SL levelsโgreed kills trades.
๐น Risk-to-Reward Ratio: Maintain 1:2 or 1:3 R:R setups.
๐น Market Sentiment: TRUMP is a volatile meme coinโexpect aggressive swings.
๐ฌ Will #TRUMP break out or face a rejection? Drop your predictions!
๐ข Follow @EmonSharkar for top crypto trade Strategy, market insights, and technical analysis!
โ ๏ธ Always DYOR before trading! Crypto is volatile, manage risk wisely.
๐น Data source: Binance.
