TRUMP/USDT Analysis: Opportunity or Risk?
The TRUMP/USDT pair has been experiencing intense volatility, with a pullback of almost 50% from the recent high at 63.99 to the current support zone at 30.40 - 35.00. Here is a detailed analysis to help you make an informed decision:
1. Support and Resistance
Key support: 30.40 - 35.00 (area where the price has shown rejection by sellers).
Immediate resistance: 39.28 - 40.00 (area of highest volume concentration and dynamic barrier by moving averages).
Secondary resistance: 44 - 45 (next target in case of breakout).
2. Technical Indicators
RSI (1H): Around 38, oversold, indicating a possible bullish reversal.
Volume: After the sell-off, buying volume starts to increase in the support area, which reinforces the possibility of an upward movement.
Moving averages: The price is below the short-term averages, but a break above 39.00 may indicate bullish strength.
3. Price Action Patterns
Falling wedge: On the 1-hour chart, a falling wedge pattern is forming, which is usually a reversal signal.
Rejection at support: Long wicks indicate that buyers are aggressively defending the 30.40 area.
4. Ideal Entry Point
Aggressive entry: Buy in the support area between 30.50 and 32.00, with a stop-loss below 29.00.
Conservative entry: Wait for a clear break above 39.28, with volume confirmation, to enter between 39.50 and 40.00.
5. Targets
Target 1: 39.00 - 40.00
Target 2: 44.00 - 45.00
⚠️ Warning: This market is highly speculative and volatile. Manage your risk responsibly! Make sure you use stop-loss to protect your capital.
What do you think of this analysis? Do you think the support will hold, or will the price break and seek new lows? Leave your opinion in the comments! 🚀
