$TRUMP Faces Renewed Pressure โ Could It Dip to $10 or $8? ๐
The $TRUMP downtrend appears to be resuming, with selling pressure mounting once again. Currently trading at $13.01, the token has seen a slight 2.68% rebound from its recent low of $12.66. While recovery attempts are underway, critical resistance levels continue to challenge upward momentum.
Key Levels to Monitor:
Resistance: $13.30 โ Breaking above this could open doors to $13.60 and $13.90.
Support: $12.80 โ A breakdown here might lead to further declines toward $12.50 and $12.30.
Market Indicators:
MACD: Signals a potential momentum shift, with signs of a bullish crossover developing.
Order Book Sentiment: Balanced, with 50.90% buy-side interest.
Trade Setup:
Long Entry: Above $13.30, targeting $13.60 and $13.90.
Short Entry: Below $12.80, aiming for $12.50 and $12.30.
Stop-Loss: $12.60 to manage downside risk.
$TRUMP is at a critical juncture, testing resistance levels. A breakout could accelerate upward momentum, but failing to hold support may lead to another sharp decline. Stay alert to market dynamics as volatility increases!