TRUMP Stuck in a Tight Range – What’s Next?
$TRUMP is trading between $14 and $17, leaving traders questioning its next move—will it skyrocket to $50 in March, or is a drop to $10 on the horizon? This marks its second major pump since launch, raising speculation about a massive rally or an impending correction.
Current Market Overview
• Price: $15.12 (+9.57% in 24H)
• Recent High: $17.75 (Sharp rejection)
• Support Holding: Above $14.71, consolidating
Key Levels to Watch
🔹 Resistance: $15.80 → Breakout may push to $16.90 and $17.75
🔹 Support: $14.50 → Breakdown could lead to $13.60 and $12.80
Market Insights
📉 Parabolic SAR: Bearish trend forming, potential further downside
📉 MACD: Momentum fading, early bearish divergence
📉 Volume: Decreasing, signaling lower buying pressure
Trade Setup
✅ Long Entry: Above $15.80, targets at $16.90 and $17.75
❌ Short Entry: Below $14.50, downside targets at $13.60 and $12.80
⛔ Stop Loss: Set at $14.20 to limit risk
$TRUMP has seen strong gains, but fading momentum suggests caution. Keep a close eye on key levels for the next big move!