$TRUMP has dropped by 9.6%, now trading at $9.9 after testing a low of $9.526. The asset is facing heavy selling pressure, and it’s crucial to watch key support and resistance levels for any potential price action.
Key Levels to Watch:
Resistance: $10.5 – A recovery above this level could push $TRUMP toward $12.
Support: $9.9 – If this level breaks, $TRUMP could decline further to $9.5.
Trade Setup – Next Move?
Long Entry: If $9.8 holds, targets are $10 and $11.
Short Entry: A break below $9.5 could lead to a decline toward $9.3.
Stop-Loss: For shorts, set a stop at $11.3, and for longs, a stop at $9.4.
$TRUMP needs strong buying momentum to break key resistance levels. If the support at $9.9 holds, there’s potential for a solid recovery and upside. Keep an eye on these levels as the market could turn quickly.
#USStocksPlunge #ETHWhaleLiquidation #USStocksPlunge #ETHWhaleLiquidation