$TRUMP , it would be more prudent to short the coin in the short-term. Here’s why:
Bearish Sentiment: The whale dump and ongoing price decline signal that there could be further downward pressure.
MACD: The MACD indicates a bearish trend, suggesting a possible continuation of the downtrend.
Support Levels: The price is likely to test lower levels, possibly around $10.50 to $9.80.
Short Position Recommendation:
Entry: Look for an entry near $11.00 if the price shows signs of failing to break higher.
Target 1: $10.50 as the next key support level.
Final Target: If the bearish momentum continues, aim for $9.80.
Stop Loss: Place your stop loss above $12.00 to minimize risk in case of a sudden reversal.
💡 Pro Tip: Stay updated on news or sudden shifts in market sentiment that could trigger a reversal! Short positions can be risky, so it's important to manage your capital carefully.