$TRUMPUSDT – Bearish Continuation Setup in Progress
Price is showing signs of a potential bearish continuation after a strong rejection from the resistance zone. A breakdown below the key level of $11.100 could confirm further downside momentum.
Current Price: $11.140 (-0.81%)
Technical Overview:
After facing sharp rejection at resistance, momentum has shifted to the downside. If the price closes below the $11.100 zone with a solid bearish candle, we could see a deeper move towards support.
Key Levels to Watch:
Resistance: $11.256, $11.455
Support: $10.970, $10.774
Trade Idea (Short Setup):
Entry: Confirmed breakdown below $11.100 (after a momentum candle closes below $11.075–$11.100 zone)
Take Profit Targets:
TP1: $10.970
TP2: $10.774
Stop Loss: $11.256
Risk Management: Limit your risk to 2–3% per trade and adjust your position size based on market volatility.
Market Sentiment:
The recent bearish rejection suggests sellers are in control. A confirmed breakdown below $11.100 may signal the start of a deeper correction.
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