#CryptoMarketWatch #MarketPullback

The trading analysis for $TRUMP indicates a bearish trend, with the price currently at $11.74, down 3.37% in the last 24 hours. Sellers are in control, and the price is approaching a key support level. Here's a breakdown of the key points:

Key Levels to Watch

1. Resistance:

$12.00: A breakout above this level could signal a short-term recovery, potentially pushing the price toward $12.18 and $12.32.

2. Support:

$11.71: If the price breaks below this level, it could trigger further downside movement toward $11.50.

Trade Setup

1. Long Entry:

A break above $12.00 could indicate a potential recovery, with targets at $12.18 and $12.32.

2. Short Entry:

If the price falls below $11.71, it may signal further downside, with a target of $11.50.

3. Stop-Loss:

- Placing a stop-loss around $11.65 can help manage risk in case the price continues to decline.

Market Outlook

TRUMP is currently at a critical support level. A break below $11.71 could accelerate losses, so traders should watch for a reversal signal or further confirmation before entering positions. The overall sentiment remains bearish, with sellers dominating the market.

Risk Management

Always use stop-loss orders to limit potential losses.

Monitor the price action closely, especially around key support and resistance levels.

Be cautious of high volatility, which could lead to rapid price movements.

This analysis is based on the current market conditions and is subject to change as new data becomes available. Always conduct your own research and consider your risk tolerance before making trading decisions.