🚨 $TRUMP Price Action - Bearish Pressure & Key Support Levels 🚨

The recent pullback in $TRUMP

has sparked concerns among investors, as the token dipped from a daily high of $17.90 and is currently testing the $15.90 support level. Despite earlier optimism, the coin has struggled to regain the $16.80 resistance, with selling pressure mounting.

As we watch for potential price action, here’s what to consider:

Resistance & Support Levels to Monitor:

Resistance at $16.50: A breakthrough here could potentially push the price toward $17.50 and $18.00.

Support at $15.50: A failure to hold above this level could result in further declines, possibly testing $15.00 and $14.50.

Trade Setup:

Long Position: Consider entering above $16.50, with targets at $17.50, $18.00, and $18.50. Set a stop loss just below $15.80.

Short Position: A breakdown below $15.50 could signal a bearish trend, with targets at $15.00, $14.50, and $14.00. A stop loss above $16.20 is advised.

Market Sentiment: While volume has slightly increased, the momentum indicators suggest that caution is warranted. If $T$TRUMP nages to hold above the $15.90 support, there could be a potential rebound. However, a failure to defend this level may lead to further declines.

Always trade with caution, stay informed, and ensure proper risk management!

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