#MerlinTradingCompetition
---$TRUMP
14.19
+9.83%
TRUMP/USDT โ Major Breakout Incoming?
Chart Analysis (1D Timeframe)
TRUMPUSDT is currently showing a very promising technical setup that could lead to a significant move in the coming days or weeks. Letโs break it down:
1. Inverse Head and Shoulders Pattern
A classic bullish reversal pattern is clearly forming here, with three key troughs:
Left Shoulder
Head (the lowest point around April)
Right Shoulder (recent low)
This pattern suggests that buyers are gradually gaining strength and that a trend reversal could be near.
2. Strong Resistance Zone (Neckline)
Price is currently testing the neckline/resistance zone around $14.30โ$14.50. This area has acted as a barrier multiple times, rejecting the price and pushing it back down. However, the more times a resistance level is tested, the weaker it becomes โ and it seems like the bulls are ready for a breakout.
3. Breakout Confirmation
A clear breakout above the white descending trendline and the horizontal resistance zone would be a strong bullish signal. If the price closes above this level with volume, it could trigger a rally toward the $18โ$20 range and possibly higher.
4. Volume Spike Needed
Keep an eye on volume. A breakout without strong volume could be a fakeout. But if volume supports the breakout, it might be the beginning of a strong uptrend.
Key Levels to Watch:
Resistance: $14.50 (watch for breakout)
Support: $12.70 โ $13.00 zone (if rejected)
Target after breakout: $18.00 โ $20.00+ (based on pattern projection)
Summary:
TRUMP/USDT is showing a textbook inverse head and shoulders pattern. A breakout from the neckline could send the price flying. This is a great setup for swing traders and investors looking for high-potential trades.
Not Financial Advice. Always DYOR before entering any trade.
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