$TRUMP
Current Price: $12.71
24h High/Low: $13.34 / $12.42
Recent Peak: $16.44
Recent Low: $7.14
Key Observations
1. Price Correction After a Pump: The coin shot up from $7.14 to $16.44 and is now correcting. This is typical after a meme coin rally.
2. Short-Term Weakness: Price is currently below the 7-day MA and struggling to regain upward momentum.
3. Support Zone: Around $12.4–$12.5 (recent lows). If it breaks below, next possible support could be around $10.7 or even $8.7.
4. Volume: Still strong, suggesting interest remains, but daily red candles show selling pressure.
Entry Strategy (Short-Term View)
Safer Entry: Wait to see if it holds above $12.40. If yes, small entry possible with a tight stop-loss below $12.20.
Aggressive Entry: If you believe in meme coin momentum and want risk, enter now (~$12.70) with a target of $14–$15, but stop-loss at $11.80.
Better Re-entry: If it drops to $10.50–$11, that zone aligns with 25 MA and previous support.