$TRUMP Token Tanks 20%! Oversold or Over for Good?
Post Body:
TRUMP/USDT is trading at $12.87, down over 20% from its recent high of $16.44. Price is struggling below all major moving averages (MA7, MA25, MA99), with clear bearish momentum. RSI is deeply oversold at 29, hinting at a possible bounce — but nothing confirmed yet!
Support:
Key support at $11.66
Stronger floor at $10.70 (MA99)
Resistance:
First resistance near $13.37
Major rejection zone around $14.19
Trading Strategy:
Entry (speculative): $12.50–12.70 if it shows bullish candles on 1H
Target: $13.30–13.90
Stop Loss: Below $11.60 (structure break)
Indicators Snapshot:
MACD: Still bearish, no crossover yet
RSI: At 29 – entering oversold zone
Volume: Decreasing – bulls must step in soon
Disclaimer:
This is not financial advice. Always DYOR and use proper risk management.
