🚨 $TRUMP

Technical Analysis – Key Levels & Market Outlook!

Buy or Sell? 🔥👇

📉 Current Price: $26.26 (-5.84%)

📊 24H Range: $25.21 - $28.30

💰 Volume: 18.51M TRUMP (~$502.14M USDT)

🔍 Indicators Used: Fibonacci Retracement, Moving Averages (MA), RSI

📌 Short-Term Analysis (1H Chart) – Market Consolidation Near Key Support

$TRUMP is currently consolidating near $26.26, close to the Fibonacci 0% level at $24.63. This indicates that the price has given back most of its previous gains and is stabilizing around a critical support zone.

🔹 Key Support Levels:

✅ $24.63 (Fib 0%) – A crucial level; a breakdown below this could trigger further downside.

✅ $25.21 (Recent Low) – Price has previously rebounded from here, making it a short-term support zone.

🔹 Key Resistance Levels:

🚀 $37.04 (Fib 23.6%) – First key resistance to watch for a potential breakout.

🚀 $44.71 (Fib 38.2%) – A major resistance level; clearing this could confirm a trend reversal.

📊 Indicator Breakdown:

📌 RSI (6) at 30.58 – Approaching oversold territory, suggesting a potential short-term bounce.

📌 MA (7, 25, 99) Bearish Crossover – Downward pressure remains strong, signaling continued selling momentum.

📌 Trading Strategy & Market Outlook

💡 Short-Term (Next Few Days): Bearish Bias

🔸 The price remains below key moving averages, and the downtrend is intact. A bullish reversal would require a breakout above $30-$33 with strong volume.

✅ Trade Idea: Wait for confirmation before entering long positions. If RSI dips below 30 and rebounds, a scalp trade could be considered.

💡 Long-Term (Weeks to Months): Potential Accumulation Zone

🔸 If $T$TRUMP lds $24-$26 and volume picks up, we could see a gradual recovery phase. A break above $45 (Fib 38.2%) would confirm a bullish trend shift.

✅ Trade Idea: DCA (Dollar-Cost Averaging) near strong support levels ($24-$26) could be a smart move for long-term holders, but waiting for confirmation is advisable.

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