TRUMP/USDT Technical Analysis – 1H Chart
Current Price: $8.19 | Up +2.25%
Market Structure Overview:
Support Zone: Strong demand area spotted between $7.50 - $7.14
Resistance Zone: Heavy supply pressure around $9.00 - $9.47
Price is currently in a ranging phase, consolidating after a strong bounce from the $7.14 low.
Trade Idea:
If price reaches $9.00 - $9.07 resistance, watch for potential rejection and reversal opportunities.
Ideal sell setup would be around resistance, targeting the lower support zone.
Watch volume behavior as it approaches key levels — increasing volume near resistance could indicate bull trap.
Bias: Neutral-Bearish
Unless price breaks and holds above $9.07, expect a possible retracement.
Risk Management Tip: Always combine setups with solid #StopLossStrategies and monitor fundamentals.
