📍#TRUMP Technical Analysis (2025/07/05 Evening)
TRUMP has been oscillating around $8.6, with short-term bulls and bears in tug-of-war. Key support and resistance levels are outlined below.
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Period: 12H
Trend: Medium Bear. EMA9/21 on the 12H have formed a death cross and price remains below the 200 EMA. RSI is below 40, and MACD confirms growing bearish momentum.
🔻 Short Position Info:
🛑 Stop Loss: 9.67 (break above shifts to bullish)
🟢 Add Short: 9.28 (not triggered)
🚨 Breakdown Entry: 8.07 (not triggered)
🎯 Take Profit: 8.07, 7.65
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Period: 4H
Trend: Small Bear. EMA9/21 on the 4H are also in a death cross. Price was rejected at the 200 EMA, RSI is below 50, and MACD has turned negative.
🔻 Short Position Info:
🛑 Stop Loss: 9.67 (break above shifts to bullish)
🟢 Add Short: 8.50 (not triggered)
🚨 Breakdown Entry: 8.07 (not triggered)
🎯 Take Profit: 8.07, 7.65
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Period: 1H
Trend: Consolidation into Bear. Trading below the pivot at 8.66, with EMAs and BB mid-band intertwined. Short bias for now.
🔻 Short Position Info:
🛑 Stop Loss: 9.07 (break above shifts to bullish)
🟢 Add Short: 8.66 (triggered)
🚨 Breakdown Entry: 8.07 (not triggered)
🎯 Take Profit: 8.07, 7.65
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Strategy Summary
Recommendations:
1. Bias is bearish on the 12H/4H. Scale into shorts between 8.50–9.28 with a stop at 9.67. Add on a break below 8.07;
2. On the 1H, consider adding shorts on a failed re-test of 9.07 or on a breakdown below 8.07. Pause shorts if price climbs above 9.67;
3. Use strict stop losses, scale entries, and trade with the prevailing trend.