TRUMP/USDT Price Prediction & SMC Signal
๐น Current Price: $16.36 (-5.27%)
๐น 24H High: $17.30 | 24H Low: $15.61
๐น Volume: 15.25M TRUMP
Market Overview & Candlestick Analysis
The daily candlestick chart shows a recent rejection from the $17.30 resistance level, followed by a pullback. The price is currently consolidating near $16.36, indicating indecision. However, the formation of a lower high suggests the potential for further downside.
Technical Indicators & Analysis
โ Moving Averages: The price is trading below the short-term moving average, signaling a bearish trend continuation.
โ RSI (Relative Strength Index):
RSI(6): 38.50 โ Approaching oversold territory, but not yet a reversal signal.
RSI(14): 30.95 โ Weak momentum, indicating potential downside continuation.
RSI(24): 26.82 โ Deep in the bearish zone.
โ Stochastic RSI: 65.60 โ Momentum slowing, suggesting a possible downward move.
โ MACD: Bearish crossover confirmed, indicating further weakness in price action.
Smart Money Concept (SMC) Signal
๐ Bearish Outlook โ Short Opportunity
Entry Zone: $16.50 - $16.80 (If price retests resistance)
Target 1: $15.80
Target 2: $15.20
Stop Loss: $17.10
Conclusion
The technical indicators favor a bearish continuation unless the price reclaims $17.30 with strong volume. Traders should look for a short position near resistance with a downside target of $15.20. A break below $15.61 could accelerate selling pressure.
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