Technical Analysis $TRUMP
1. Current Price: $37.152 (down -13.88%).
• It is clear that the price is falling and is below all major EMAs (21, 50, 200), indicating a downtrend.
2. Indicators:
• MACD: The histogram is below zero, confirming bearish momentum. Crossings of the MACD lines also suggest a continuation of the decline.
• RSI (Relative Strength Index):
• At 38, which is close to the oversold zone. An upward bounce is possible, but the signal is weak for now.
3. Volumes:
• Volumes are high, indicating active trading, but the trend is still downward.
Market Entry Recommendations
1. Do not enter right now:
The price is in a strong downtrend. It is better to wait for:
• Support level (possibly around $35.1).
• Reversal signals (for example, RSI exiting the oversold zone).
2. Entry for short position:
• If the price consolidates below $37.1 and starts to fall further, it can be shorted with a target of $35.
3. Entry for long position:
• If the price bounces off the $35-36 level, this could be a signal for a reversal. Confirmation will be an increase in volumes and crossing of the MACD lines upwards.
Tips:
• Use stop-losses to minimize losses.