🐻 $TRUMP /USDT — Bear Flag on 1H
A bear flag has formed on the hourly chart, which often indicates a possible continuation of the decline 📉.
Current data:
💰 Price: $9.03
📉 Local minimum of the flag: $8.87
📈 Local maximum of the flag: $9.54
⬆ Max in 24h: $9.54
⬇ Min in 24h: $8.87
📊 Volume in 24h (TRUMP): 5.79M
💵 Volume in 24h (USDT): 53.24M
🎯 Possible targets on a downward breakout:
$8.75 — first support
$8.50 — profit-taking zone for sellers
$8.20 — extended target based on the height of the flag
🔄 Alternative scenario:
If the price breaks the upper boundary of the flag and consolidates above $9.54, this could negate the bearish scenario and lead to a rise to the $9.80–$10.00 zone.
⚠ Risks:
Technical patterns do not provide a 100% guarantee. Sharp news or changes in volumes can completely alter the price dynamics. Manage risks and use stop-losses.