Here’s a technical analysis summary for $TRUMP /USDT on the MEXC 10-minute chart using Fibonacci levels and key structural points:

📊 Price Summary

Current Price: $11.07

Recent High: $121.78

**Price is currently in a deep correction from ATH, likely forming a base.

🔢 Fibonacci Retracement Levels (from High ~$121.78)

Fib LevelPrice0.786$62.83 (last lower high zone)0.618$50.93 (key resistance)0.5$42.570.382$34.210.236$23.870.148$17.63

📉 Current Structure

Massive retracement from ATH; down over 90% from peak

Currently trading near $11.07, just above the psychological $10.00 level

Below $17.63 (Fib 0.148) = deep territory, likely speculative consolidation or capitulation zone

📈 Key Levels to Watch

Upside (Resistance)

$17.00–$18.00 – reclaiming this would clear the 0.148 Fib

$23.87 (Fib 0.236) – major breakout point

$34.21 (Fib 0.382) – medium-term target

Downside (Support)

$9.50 / $8.00 / $6.60 – visible lower supports from your data

Below $6.60, structure becomes weaker — risk of further capitulation

🔍 Outlook & Strategy

Short-term Bias: Bearish to neutral, unless price reclaims $17.63+

For Bulls: Watch for volume surges and consolidation above $10.00 for signs of a base

For Traders: Scalp bounces around $9.50 / $8.00, but manage risk carefully

Swing Play: Only viable above $17.63 with confirmation

Would you like a Fibonacci-based swing trade idea or a support/resistance trading plan for this token?

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