$TRUMP

Overview

Current Price: $11.93

24H High: $12.45

24H Low: $10.863

Trend Indicator: Parabolic SAR (PSAR)

Key Observations

1. Price Action & Trend

The price recently surged to $12.51, followed by a correction and consolidation around $11.93.

A strong bullish candle was observed before the consolidation phase, indicating a potential continuation of the uptrend.

Higher lows are forming, suggesting buyers are in control.

2. Support & Resistance Levels

Support Levels:

$10.90 – Recent consolidation zone before the breakout.

$10.65 – Previous low before the price reversed upward.

Resistance Levels:

$12.45 – Most recent high; if broken, could push toward $12.65 or higher.

3. Parabolic SAR (PSAR) Analysis

The PSAR dots are currently above the price, indicating a short-term resistance zone.

A flip of the PSAR dots below the price would confirm bullish momentum continuation.

4. Moving Averages (MA)

MA(5): 455,508.41

MA(10): 672,563.99

The short-term moving average is slightly below the long-term MA, suggesting a potential bullish crossover soon.

5. Volume Analysis

A spike in volume accompanied the breakout, confirming strong buying interest.

However, the volume has decreased during consolidation, indicating a possible breakout in either direction.

Conclusion & Trading Strategy

Bullish Case: If TRUMP/USDT breaks above $12.51, it could continue toward $12.61 and beyond. Watch for increasing volume and a PSAR flip as confirmation.

Bearish Case: If the price drops below $11.38, we may see a retracement to $10.97 or lower.

Trading Strategy:

Breakout Traders: Enter on a confirmed break above $12.45 with a stop-loss at $11.50.

Pullback Buyers: Consider entries around $11.35 with a stop-loss below $10.95.

Overall, the market is in a consolidation phase after a strong breakout, and the next move depends on volume and trend confirmation.