As of March 4, 2025, the TRUMP token is trading at $12.37, with a 24-hour range between $11.67 and $15.95. The token has experienced significant volatility since its launch on January 17, 2025, when it quickly soared by over 300%, reaching a market capitalization of nearly $13 billion within two days.
Key Technical Levels:
Resistance: $12.61 (Breakout Confirmation)
Target 1: $12.85
Target 2: $13.20
Support: $12.20 (Breakdown Confirmation)
Target 1: $12.00
Target 2: $11.75
Trade Strategy:
Long Position: Initiate above $12.61, aiming for targets at $12.85 and $13.20.
Short Position: Enter below $12.20, targeting $12.00 and $11.75.
Stop-Loss: Set at $12.30 for long positions and $12.50 for short positions.
Professional Insights:
1. Volume Confirmation: Ensure breakouts are accompanied by substantial trading volume to mitigate the risk of false signals.
2. Profit Management: Consider securing profits at the first target (TP1) and adjust stop-loss orders accordingly to protect gains.
Given the token's association with political figures and its classification as a meme coin, investors should exercise caution due to inherent volatility and potential ethical considerations.
*Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Cryptocurrency investments carry significant risks, including market volatility and regulatory uncertainties. Consult with a licensed financial advisor before making any investment decisions.*