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Fundamental data analysis:
Current price: 10.46 USDT
Daily change: +0.58% (slight increase)
Highest price in 24 hours: 10.90 USDT
Lowest price in 24 hours: 9.94 USDT
Trading volume in 24 hours:
TRUMP: 12.98M
USDT: 135.71M
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Chart analysis:
Overall trend: The trend has clearly been bearish after reaching a peak of 13.88 USDT, dropping to 9.54 USDT, then began to recover gradually.
Technical indicators:
RSI (Relative Strength Index) = 46.37: Indicates that the market is not in an overbought or oversold area, but tends to be neutral.
MACD (Moving Average Convergence Divergence):
DIF = -0.47, DEA = -0.53, MACD = 0.05
This indicates that the market may be in a bullish reversal phase, but there is no strong confirmation yet.
Candlestick analysis: The appearance of some green candles after a sharp decline, which may indicate the beginning of a potential upward wave.
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Trading tips:
1. Wait for trend confirmation:
If the price breaks the level of 10.90 USDT, we may witness a continuation of the rise.
If support is broken at 9.94 USDT, the price may head for further decline.
2. Risk management:
Set a stop loss at 9.94 USDT to avoid losses in case of a drop.
11.23 USDT can be considered a nearby resistance level to monitor the price.
3. Monitor MACD and RSI:
If RSI rises above 50 with a positive crossover of MACD, this is a strong entry signal.
If RSI drops to 30 or below, the price may be in an attractive buying zone.
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Summary:
The pair is in a corrective phase after a strong drop, and there are signs of gradual recovery, but it needs confirmation of breaking resistance to continue rising. Trading cautiously while monitoring indicators is essential.