#TRUMP
i am providing a short-term trading analysis for the TRUMP/USDT token based on the trading charts.
Key Observations:
- Current Price: $11.82 (up 3.14-3.32%)
- 24-hour Trading Range: $11.34 - $11.86
- Trading Volume: 7.47M TRUMP / 86.47M USDT
Technical Indicators:
1. Money Flow Analysis:
- Strong buying sentiment
- Large orders show significant inflow (92,136.33)
- Buyers dominate: 24.82% green vs 13.85% red
2. Moving Averages:
- Short-term MAs (7, 25, 99) are converging around $11.50-$11.60
- Indicates potential stability and consolidation
3. Momentum Indicators:
- StochRSI: 91.84 (highly overbought)
- MACD: Slight positive momentum
- RSI: 73.45 (suggests potential short-term pullback)
Short-Term Trading Recommendation:
- Current momentum is bullish
- Consider taking partial profits due to overbought conditions
- Watch for potential consolidation or minor correction
- Support levels around $11.29-$11.34
- Resistance potentially at $12.07
Always remember to manage risk and use stop-loss orders.