Technical Analysis for Currency $TRUMP Upcoming Price Breakout
Technical Analysis for Currency #TRUMPUSDT
Current Price 1449 USDT
24-Hour Increase Percentage 1285 percent
Highest Price During the Day 1491 USDT
Lowest Price 1270 USDT
Technical Analysis
Bollinger Bands show a contraction in the bands during the previous period, indicating the possibility of an imminent price explosion. The current price is breaking the middle line MB 1288, which is considered a positive signal.
MA5 and MA10 Moving Averages show a bullish crossover between MA5 and MA10, indicating the beginning of upward momentum.
RSI 6 value at 6821 is close to the overbought area but has not entered yet, indicating that there is room for further upward movement before a correction occurs.
Positive crossover appears on the MACD indicator, supporting the likelihood of the upward trend continuing.
Trading Strategies
Entry
Initial entry between 1390 to 1410 in case the price returns to test the MA10 support.
Confirmatory entry upon breaking the 1491 level, the highest peak during the day.
Stop Loss
Below 1250 to ensure capital protection.
Take Profit
First target 1640, the previous peak.
Second target 1800 in case of a stable breakout above the previous peak.
Investor Tips
Monitor the RSI indicator carefully; if it exceeds 75, this may indicate an impending correction.
Beware of FOMO and wait for technical confirmations such as closing above 1500 with high trading volumes.
