$TRUMP
USDT BEARISH BREAKDOWN – PRICE LOSING GRIP FAST
The market structure for $TRUMPUSDT shows a clear bearish channel with recent rejection from the key resistance zone at $8.90-$9.00, pushing price down to the current level around $8.75. If this weakness continues, a sharp decline towards the next major support at $8.43 is likely.
🔻 Key Levels:
Resistance: $8.90 – $9.00 (strong rejection zone)
Support: $8.43 (major downside target)
Current Price: $8.75
📉 Trade Setup (Short):
Entry: $8.75 – $8.80
Targets:
TP1: $8.60
TP2: $8.50
TP3: $8.43
Stop Loss: $8.85 (above resistance breakout)
📊 Market Outlook: Momentum remains bearish after consecutive lower highs and lower lows within the descending channel. Selling pressure is dominating unless price reclaims above $8.85 to invalidate this setup.
⚠️ Risk Management: Always use strict stop loss to avoid unexpected reversal losses. Never risk more than 1-2% of your capital per trade to protect your account in volatile market conditions.
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buy and trade here on $TRUMP