Technical Analysis $TRUMP
1. Current Price and Trend:
- Last price: $8.617 (-0.05% in 24h).
- 24h range: $8.544 (minimum) - $8.720 (maximum).
- Short-term bearish trend (0.36% drop today and 5.13% in 7 days).
2. Key Indicators:
- Bollinger Bands:
- Price near the middle band (MB: 8.565), suggesting balance between buyers and sellers.
- Upper band (UP: 8.680) as key resistance.
- RSI/Stochastic Oscillator:
- K (60.5) and D (61.0) indicate neutrality, but J (59.4) suggests possible oversold conditions.
- MACD:
- DIF (-0.032) crosses above DEA (-0.050), signaling weak bullish momentum (MACD: 0.018).
3. Volume and Liquidity:
- High volume in 24h (135.78M USDT), supporting liquidity.
- Moving average of volume (MA10) above current volume, indicating possible decrease in interest.
4. Key Levels:
- Support: $8.544 (24h minimum) and $8.287 (lower level on Binance).
- Resistance: $8.720 (24h maximum) and $8.680 (upper Bollinger band).
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Fundamental Analysis (Context)
- Token $TRUMP : Associated with political events or news related to Donald Trump. Its value can be highly volatile depending on electoral cycles or media statements.
- Historical Performance:
- Down 17.87% in 30 days, but up 9.42% in 90 days. This reflects high sensitivity to external factors.
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Recommendation
Short-Term Strategy (1-3 days):
- Bullish Scenario: If the price exceeds $8.680 (resistance) with increasing volume, consider buying with a target at $8.90. SL at $8.55.
- Bearish Scenario: If it breaks $8.544 (support), it could drop to $8.28. Sell or wait for a rebound.
- Neutral: In the range $8.54-$8.68, trade with scalping.
Mid-Term Strategy:
- Wait for confirmation of trend (clear break of resistance or support) before entering with full size.
- Monitor political news that may impact the token.
SL: Essential. Set at $8.45 (below key support).