📌 European Trend Analysis: TRUMP One Hour Cycle Buy and Sell Points and Analysis
📊 Key Points:
🟢 Buy Point: 16.00
🔴 Sell Point: 17.00
📉 1️⃣ Candlestick Pattern
TRUMP has been experiencing continuous fluctuations upwards recently, but overall it remains in a low range after a significant pullback.
From the 15th to the 18th, there was a sharp drop followed by a slight rebound, and the current price has not yet broken through the key resistance range.
📊 2️⃣ Technical Indicators
📉 MACD:
MACD has begun to recover from deep negative territory, with the green bars shortening, indicating that bearish momentum is weakening and may strengthen further.
📈 RSI:
RSI is around 45, not yet entering the overbought or oversold range; attention should be paid to whether RSI breaks through 50 to confirm an upward trend.
📊 EMA Averages:
EMA7 is rising and attempting to provide support for the price, but EMA30 and EMA120 are still above the current price, indicating a bearish long-term trend.
Watch for the crossover changes between EMA7 and EMA30, which may become a turning point for short-term trends.
📊 3️⃣ Volume Analysis
🔻 Volume Decrease:
Recent market volatility has significantly decreased compared to previous days, indicating that there is temporarily not much capital inflow or outflow.
The volume during the upward process has not significantly increased, and it is necessary to be cautious of insufficient bullish strength, which may make it difficult to form a sustained rebound.
📌 European Summary:
TRUMP is currently still in a low range of oscillation and recovery phase, with short-term support at 16.00 and resistance at 17.00. If RSI can break through 50 accompanied by increased volume, the price may welcome further rebound. Conversely, if the volume continues to be insufficient, the risk of price retracement should still be heeded. Short-term trading should focus on volume changes and EMA crossover signals, operate cautiously.
