Bit_Guru
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Bullish
$TRUMP Trading Analysis - Testing Key Support Levels
Current Market Overview:
The $TRUMP/USDT pair is trading at $53.70, showing a significant retracement from its 24-hour high of $77.24. With a 24-hour low of $37.35, the pair is consolidating near a crucial support zone. Volume remains elevated, indicating ongoing market activity.
Entry Point:
Long Entry Range: $52.50 - $54.00
Profit Targets:
Target 1: $58.00
Target 2: $64.00
Stop Loss:
Stop Loss Level: $49.00
Key Levels to Watch:
Immediate Resistance: $56.00
Major Resistance: $64.00
Immediate Support: $52.00
Critical Support: $50.00
Analysis:
The chart reflects a minor consolidation phase after sharp price fluctuations. The $52-$54 zone could act as a launchpad for a short-term reversal if buying pressure increases. A breakout above $56.00 might lead to testing higher levels around $64.00. However, failure to hold the $52.00 support may signal further downside.
Pro Tip:
Monitor volume closely; a surge in buying volume near $52.50 could confirm bullish momentum. Secure partial profits at Target 1 and adjust stop-loss levels to breakeven.
#CryptoTrading #TRUMPUSDT #TradingSignal
Current Market Overview:
The $TRUMP/USDT pair is trading at $53.70, showing a significant retracement from its 24-hour high of $77.24. With a 24-hour low of $37.35, the pair is consolidating near a crucial support zone. Volume remains elevated, indicating ongoing market activity.
Entry Point:
Long Entry Range: $52.50 - $54.00
Profit Targets:
Target 1: $58.00
Target 2: $64.00
Stop Loss:
Stop Loss Level: $49.00
Key Levels to Watch:
Immediate Resistance: $56.00
Major Resistance: $64.00
Immediate Support: $52.00
Critical Support: $50.00
Analysis:
The chart reflects a minor consolidation phase after sharp price fluctuations. The $52-$54 zone could act as a launchpad for a short-term reversal if buying pressure increases. A breakout above $56.00 might lead to testing higher levels around $64.00. However, failure to hold the $52.00 support may signal further downside.
Pro Tip:
Monitor volume closely; a surge in buying volume near $52.50 could confirm bullish momentum. Secure partial profits at Target 1 and adjust stop-loss levels to breakeven.
#CryptoTrading #TRUMPUSDT #TradingSignal
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