$TRUMP
Technical Analysis of TRUMP/USDT – Will the Rise Continue?
Current Price: 14.60
24-Hour Increase Percentage: +19.28%
24-Hour Trading Range: from 12.81 to 14.86
Analytical Overview:
Strong Rise: The currency has seen a strong jump from a level of 7.14 to 14.86, continuing a noticeable upward movement today.
Moving Above Averages:
EMA7 = 12.51, EMA25 = 11.68, EMA99 = 14.54. Prices are currently trading above all averages, reflecting strong upward momentum.
RSI at 74.08: Indicates overbought conditions, meaning we may see a slight correction before the price resumes its rise.
MACD shows positive momentum, with the gap between the lines widening, enhancing the likelihood of continued rise.
Proposed Strategy: "New Bullish Opportunity"
Entry Point: If the price continues to hold above 14.50 with high trading volume.
First Target: 16.00
Second Target: 17.00
Stop Loss: Breaking below the level of 13.00 with a candle closing underneath this level.
Forecasts:
The most likely scenario is the continuation of the rise as long as the price keeps trading above 13.00. However, if we see a correction, the area around 12.80 could present a good re-entry opportunity.
Do you think TRUMP is ready to achieve new highs? Share your opinion in the comments!