$TRUMP Short-Term Buy Strategy:

Entry Point:

Wait for confirmation of support at 26.58. If the price rebounds with green candles and higher volume, it could be a good entry.

A safer entry would be above 27.00, where the trend may show signs of reversing.

Stop Loss:

Set a stop loss slightly below 26.50 to limit downside risk if the support breaks.

Take Profit:

Short-term targets could be 27.21 (first resistance) or 28.00 if bullish momentum strengthens.

Risks:

If the price breaks below 26.58, the downtrend could continue to the next support level, possibly 26.00–25.80.

Monitor the overall market sentiment as it might influence the price action.

Observations:

Current Price:

The price is at 26.67, near the 24-hour low of 26.58.

This suggests that the asset is testing a potential support level.

Trend:

The overall trend is bearish with consecutive red candles and the price falling below the moving averages (MA5 and MA10).

The Parabolic SAR dots remain above the price, confirming the bearish trend.

Volume:

The recent red candle has high volume, indicating strong selling pressure.

A reversal requires a significant increase in green candles with strong volume.

MACD:

The MACD line (-0.66) is far below the signal line (-0.50), confirming strong bearish momentum.

No immediate signs of a bullish crossover.

Support and Resistance:

Support: Immediate support is at 26.58. A breakdown here may lead to further downside.

Resistance: First resistance is at 27.21, followed by 28.00.

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