$TRUMP /USDT :

🧭 Trend & Structure Overview

Current Price: ~$11.23

Recent Trend: Sharp downtrend

Key Structure Elements:

Multiple CHoCHs indicate shifts between bullish and bearish momentum.

Final CHoCH + BoS around $12.59 preceded a strong bearish breakdown.

Price is consolidating below major support turned resistance (~$12.00–$12.60).

📉 Support & Resistance Zones

Resistance:

~$12.59 (key level from previous structure)

~$13.00–$13.50 (major supply zone with multiple rejection wicks)

Support:

~$11.00: Local support zone where price has stalled after the drop

~$10.60–$10.80: Next likely support if current zone fails

📊 RSI (Relative Strength Index)

Current RSI (14): ~42.73 – approaching oversold

RSI has been trending in the lower band, showing weak bullish momentum.

No clear divergence visible yet, but compression may hint at a range before next move.

🔮 Scenarios to Watch
🟩 Bullish Reversal Possibility:

Price must reclaim $12.00 (former support, now resistance).

Look for a CHoCH above $12.00 + bullish divergence on RSI for confirmation.

Initial upside target: $12.60–$13.00.

🟥 Bearish Continuation:

Breakdown below $11.00 with volume confirms continuation.

Target areas: $10.80 and possibly $10.50.

Watch for rejection from the $11.80–$12.00 zone on any bounce.

⚔️ Trade Strategy Consideration

Short Bias: Until price breaks above $12.00, bias remains bearish.

Reversal Trades: Only on confirmation of structure change + RSI divergence.

Risk Management: Use stop-loss just outside supply/demand zones.