Technical analysis of the Trump currency is very important

For a quick technical analysis on the hourly frame for the pair (TRUMP/USDT)
$TRUMP
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.

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