In this post as part of the 'Write and Win' initiative on the Binance platform, we provide a detailed technical analysis of TRUMP/USDT focusing on smart entry and exit points based on the latest market data.
Current situation and support and resistance areas
Current price: $14.77 (the currency is moving within a moderate downward trend) 📉
First support: $13.80
Second support: $12.60
Golden stop loss: $12.00
Bullish targets: $15.60 → $17.40 → $20.00 🚀
Potential bearish scenario: Testing levels of $9.80 - $8.50 if $12.00 breaks 🔻
Smart entry and exit points
Entry point (Buy): Near the main support level ($13.80) or upon the appearance of positive rebound signals at this level. 🟢
Golden stop loss: $12.00 (breaking this level indicates the market is signaling a downturn; thus, this limit is the ideal place to set the stop loss) ⚠️
Bullish targets (Sell): $15.60 (first target), followed by $17.40, reaching $20.00 if the currency holds above support. 🚀
Positive and negative scenarios
Positive scenario: If the price closes weekly or monthly above support at $13.80, it is expected to regain upward momentum and rise to $15.60 then $17.40, reaching $20.00. 📈
Negative scenario: If the price breaks the golden support level of $12.00 at closing, the decline may extend to test levels of $9.80 - $8.50. 🔻
In conclusion, know that sound investment decisions are built on precise technical analysis and wise risk management. Patience and trust in the plan are the strongest weapons for a successful investor. 🚀 Invest with confidence and know that well-studied and rational analyses are the foundation for achieving long-term success! 💪
