$TRUMP/USDT DUMPS HARD – Is a Reversal Brewing?
The $TRUMP token just suffered a brutal drop — crashing from a high of $16.00 to a low of $12.40, marking a sharp -22.5% decline. Now, it's attempting to stabilize around $12.79, and traders are eyeing this as a potential bounce zone.
Technical Breakdown:
Massive Sell-Off: A steep -22.5% fall suggests intense profit-taking or liquidation after reaching the $16.00 mark.
Demand Zone: Price finding support near $12.79 aligns with a previous consolidation area, hinting at possible buyer interest.
Oversold Signals: The 4H RSI is likely dipping into oversold territory, which often precedes a short-term price bounce.
Bounce Trade Setup:
Entry Range: $13.00 – $13.20 (only enter on a confirmed reclaim above $13.00 with solid volume)
Profit Targets:
TP1: $14.00 (minor resistance)
TP2: $15.30 (key mid-level)
Final TP: $16.60 (recent high, strong resistance)
Stop-Loss: Below $12.30 to manage risk while giving the trade room to breathe
What to Watch For:
Bullish Confirmation: A strong candle close above $13.00 is critical
Volume Surge: Watch for a spike to confirm real buying interest—not just a dead-cat bounce
Market Context: Broader crypto sentiment, especially Bitcoin’s stability, could influence this move
Risk-Reward Outlook:
If the $13.00 level is reclaimed with volume, the setup offers a favorable risk-to-reward ratio. But caution is key—avoid jumping in before confirmation. Let the price action prove the reversal first.
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