Current TRUMP price is approximately 9.195, continuing to decline over the past few trading days, overall within a steep downward channel. From the 1-hour and 4-hour candlestick structure perspective, the trend remains weak, but signs of bottoming out are starting to appear, with local MACD and Bollinger Bands indicating signals of 'consolidation at the bottom.'
Technical Analysis Perspective (Based on 4-Hour Chart):
The Bollinger Bands are noticeably narrowing, with the price oscillating near the lower band, indicating a reduction in short-term volatility space, setting the stage for directional selection;
The EMA and MA moving average system is in a bearish arrangement, but the price has consistently found support near 9, initially presenting a low-level consolidation pattern;
The SAR Parabolic indicator is still suppressing the price from above, but the curve is gradually approaching the candlesticks, indicating a potential reversal;
The MACD momentum bars are gradually weakening, and the bearish strength is diminishing, with the potential for a crossover at the zero axis;
The low point of 8.88 yesterday has formed a phase 'Hammer Line', presenting a foundational symbol for confirming a stop in decline.
Operational Strategy and Key Positions:
Current Price: 9.19-2
First Support Level: 9.34
Second Support Level: 9.48
Stop Loss Level: 9
