📉 $TRUMP Bearish Setup Developing –
$TRUMP (TRUMPUSDT) is trading at $9.125 (-0.23%), struggling to reclaim the 9.30 resistance. Price action is hovering near the 9.10–9.00 support zone, and a clean break below could trigger a move toward 8.80, aligning with broader bearish sentiment.
🔍 Updated Technical Insights
- Bearish Momentum Confirmed:
According to CoinCodex, 14 out of 16 technical indicators currently signal bearish sentiment. This reinforces the setup’s downside bias.
- Resistance at 9.30 Holding Strong:
Multiple attempts to break above 9.30 have failed, suggesting exhaustion among buyers and potential for a reversal.
- Support Zone Under Pressure:
The 9.00 level is acting as a psychological and technical floor. A breakdown here could accelerate selling toward 8.80.
- Volume & RSI Trends:
Recent TradingView analysis shows declining volume and weakening RSI, indicating fading bullish momentum.
📊 Trade Plan Summary
- Entry Zone: 9.10 – 9.20
- Target 1: 9.00
- Target 2: 8.80
- Stop Loss: 9.35
This setup favors short positions with tight risk control. A close above 9.30 invalidates the bearish thesis and may trigger a short squeeze.
$TRUMP is showing classic signs of a bearish continuation pattern. With resistance holding and momentum indicators flashing red, traders should prepare for a potential breakdown. However, volatility remains high, and any unexpected bullish catalyst—such as renewed meme coin hype or influencer backing—could flip the narrative quickly.
