📊 Comprehensive Technical Analysis for TRUMP: Recent Support Under Threat
📉 Current Price: $12.60
🔻 24-Hour Change: -1.89%
📊 Market Capitalization: $2.52 Billion
🔄 Daily Trading Volume: $925.83 Million
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🔍 Technical Analysis:
📌 Moving Averages: Indicate a general downward trend.
📌 RSI Indicator: At 29 ➤ The currency is in an Oversold area.
📌 MACD Indicator: Negative ➤ Likely to continue the decline in the short term.
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🔄 Support and Resistance Levels:
🛡️ Support: $12.60 ➤ Breaking it may lead to a drop towards $12.20
🚧 Resistance: $13.00 ➤ Breaking it may reverse the trend
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📈 Risk-Reward Ratio:
🔸 Sharpe Ratio: 3.75 ➤ Indicates a good return for the risk, with high volatility.
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⚠️ Important Notes:
• About 80% of the supply is owned by entities linked to Donald Trump, raising concerns about manipulation.
• Upcoming Event: Private dinner for coin holders on May 22, may affect the price!
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📌 Recommendation: Monitor support and resistance levels. A bounce from support could present a buying opportunity, but risks remain high.