$TRUMP Let's do a technical analysis of the TRUMP/USDT currency based on the image sent (daily chart – 1D) from Binance:
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📊 Overview
Current price: $8.67
Variation for the day: -2.36%
Maximum in 24h: $8.95
Minimum in 24h: $8.30
Volume (24h):
TRUMP: 6.22 million
USDT: 53.61 million
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📉 Current Trend
The currency is in a downtrend on the daily chart.
The three EMAs (exponential moving averages):
EMA(7): 9.11
EMA(25): 10.15
EMA(99): 12.49
Are aligned in a descending manner, confirming a downward trend in the short, medium, and long term.
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🔍 Candle Analysis
The price has already dropped from $17.75 to $8.67, with a recent bottom at $7.14, showing strong volatility.
Recent candles have small wicks and a dominant red body, indicating selling pressure.
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🔻 Indicators
Decreasing volume — a sign of loss of strength from both buyers and sellers.
Variations by period:
7 days: -13.65%
30 days: -31.79%
90 days: -25.39%
That is, the price continues to depreciate over the past weeks.
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🟠 Supports and Resistances
Nearby support: $7.14 (last relevant low)
Nearby resistance: $10.15 (EMA 25) and psychological zone of $10
Critical region: between $8.00 and $9.00
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📌 Market Sentiment
Order book:
Buyers: 46.81%
Sellers: 53.19%
More selling trend in the short term.
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📉 Technical Conclusion
At this moment, the chart suggests:
Caution for new investments
Wait for confirmation of a bottom or breakout of EMA(25) to consider a reversal
Ideal for very short-term trading (scalp), but not ideal for swing trading or holding while it remains in the downtrend.
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If you wish, I can outline strategies based on:
Stop Loss and Take Profit
Analysis in other time frames (4h, 1h)
Comparison with other tokens (Bitcoin, Ethereum, etc.)
IA ANALYSIS I DID NOT ASK TO ADD ANYTHING, I ONLY ASKED FOR AN ANALYSIS.
image used: