$TRUMP / TETHERUS - Bearish Outlook 📉

Here's a technical analysis of the recent TRUMP token price action:

• Immediate Resistance: Resistance is visible around the $11.22 level, aligning with the upper boundary of the current channel and a previous swing high. A stronger resistance zone is noted around $11.25 - $11.28.

• Immediate Support: Support is around the $10.80 level, which matches the projected target from the current trade setup. A more substantial support zone lies around $10.72 - $10.75.

Trade Setup (Short):

With the price facing rejection near the upper boundary of the channel and forming a bearish candle, a short position may be considered.

• Entry: Consider entering a short at the current price of $10.99 or on a minor bounce toward $11.05, provided there are signs of rejection.

• Targets (TP):

– TP1: $10.80, which aligns with both immediate support and the lower boundary of the channel.

• Stop Loss (SL): A logical stop loss would be just above the resistance zone, near $11.22, above the recent swing high.

Risk Management:

Always use proper risk management. Position size should reflect your risk tolerance—ideally risking no more than 1-2% of your total capital per trade. Stay alert for any sentiment shifts or sudden market news that could influence the price direction. 🚨

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