*$TRUMP Analysis: Pause or Pullback? 🤔*
The $TRUMP pair has been on a wild ride, surging from $7.22 to $8.39 before hitting a sideways range, now hovering just below $8.00 📊. Let's break down the current situation:
*Key Indicators:*
- *RSI (6):* 36.41, indicating cooled momentum
- *Stoch RSI:* Deeply oversold at 2.09, suggesting a potential reset
*Current Price:* $7.96 (+5.43%)
*24h High:* $8.39
*24h Low:* $7.40
*Scenario 1: Bullish Recovery 🚀*
- Reclaim $8.10+ with strong volume
- Potential retest of $8.39 and breakthrough to $8.70–$9.00
- Watch for Stoch RSI cross-up as an early signal
*Scenario 2: Breakdown Risk ⚠️*
- Drop below $7.75 opens downside toward $7.40 and $7.22
- RSI staying under 40 could fuel further selling
*Outlook:*
The market is in decision mode after a sharp pump and pullback. Patience is key – wait for confirmation before entering either side. Keep an eye on the $7.75–$8.10 range for breakout or breakdown cues .
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