Hey Binance Square family! š
The TRUMP/USDT pair has recently experienced a significant breakout, surging from the $9.60 range to a peak of $10.96 before settling around $10.43. This move was accompanied by high trading volume, indicating strong bullish momentum.
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š Technical Overview
Current Price: $10.43
24h High / Low: $10.96 / $9.62
Trading Volume (24h): Approximately $724 million
The recent price action suggests a bullish trend, with the price breaking above key resistance levels. The MACD indicator is showing bullish signals, and if the price holds above the $10 psychological level, further upside is possible.
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šÆ Trade Setup
Entry Zone: $10.10 ā $10.30
Stop Loss: $9.70
Take Profit Targets:
TP1: $10.80
TP2: $11.50
TP3: $12.00
TP4: $12.50
TP5: $13.00
This setup aims to capitalize on the bullish momentum, with multiple take-profit levels to manage risk and lock in gains.
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š Market Outlook
With the price holding above key support levels and technical indicators favoring the bulls, TRUMP/USDT may continue its upward trajectory. However, traders should monitor the price action closely and adjust their strategies accordingly.
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*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.*
