4H Technical Snapshot:
📍 Current Price: $10.18
🔄 Change: +0.49%
🕯️ Recent Action: Weak bounce following a sharp downtrend.
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🔍 Trend & Indicator Breakdown:
MA(7) – Short-Term: $10.05
MA(25) – Medium-Term: $10.47
MA(99) – Long-Term: $10.82
🔻 Price remains below all major moving averages, indicating the bearish structure is still dominant.
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📈 Price Action Insights:
Recent relief bounce from the sub-$10 zone.
Struggling to break above MA(25), which is now acting as resistance.
No strong momentum after the green candles — this bounce currently shows low conviction.
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📊 Key Levels:
Resistance:
$10.47 → MA(25) resistance
$10.80 – $11.00 → Major supply zone near MA(99)
Support:
$10.00 → Key psychological level and recent bounce zone
$9.60 → Potential retest if $10 fails again
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⚙️ Trade Outlook:
The bounce needs confirmation.
Critical level: Close above $10.50 could shift short-term sentiment and open the door to $11.00+.
Without that, this is likely just a dead cat bounce within a larger downtrend.
🔸 Avoid chasing longs unless $10.50 flips to solid support.
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📌 Summary:
$TRUMP is attempting to recover, but the bigger picture still favors caution. Unless bulls ca
n reclaim the MA(25) and MA(99) levels, sellers are likely to dominate.$TRUMP
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