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The $TRUMP pair has shown significant volatility in recent sessions, with a sharp rejection near the All-Time High (ATH) zone followed by a decline towards the key support area around $41.90.

Key Insights:

ATH and Resistance Zone: Price tested the ATH and formed a strong resistance level around $76. A significant rejection brought the price back down.

Block Order Zone: A previous order block near $60 served as a minor resistance, confirming bearish momentum.

Support Retest: The price is currently retesting a well-established support zone around $41.90, indicating a potential bounce or further breakdown.

Predicted Scenarios:

Bullish Case (Bounce from Support):

Entry Range: $41.50–$42.50
Target 1: $50.00
Target 2: $60.00
Stop Loss: $39.00

Bearish Case (Breakdown Below Support):

Entry Range: $41.00–$40.00
Target 1: $35.00
Target 2: $30.00
Stop Loss: $44.00

Market Observations:

The support zone at $41.90 is critical. A bounce here could attract buyers, pushing the price back towards $50 and $60. However, failure to hold this level might trigger a sell-off, targeting lower levels around $35 and $30.

Pro Tip:

For long trades, wait for confirmation of bullish candles above support.

For short trades, ensure a confirmed breakdown below $41 with high volume.

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