For a quick technical analysis on the hourly frame for the pair (TRUMP/USDT)
1. Price trend:
The general price trend appears in a downward correction phase, but it has started to trend horizontally near the 29 levels.
The price appears below the 25 and 99-period moving averages, indicating continued selling pressure, but there are signs of recovery.
2. Support and resistance areas:
Main support: 25.70 level.
Current resistance: 32-34.
3. Technical indicators:
MA (7) and MA (25) are very close to the current price, reflecting a volatility phase.
Support levels at 26 and 27 indicate rebound opportunities in case of momentum rebound.
4. Trading strategy for the coming hours:
If the resistance at 29.5 is broken and holds above it, it may open the way to level 32.
If the price falls below 28, it may retest levels 26-27.
5. Recommendation:
Enter buy trades in case of breaking level 30 with strong momentum.
Place a stop loss order below 27.
You need to monitor news related to the market or the instrument to avoid surprises.
