$TRUMP

DYOR

### **Key Observations**

1. **Price Action**:  

   - Current price: **$8.17** (-5.33% today).  

   - 24h range: **$8.16 (low)** to **$8.68 (high)**. The price is near the 24h low, suggesting potential support.  

2. **Moving Averages (MA)**:  

   - **MA(5)**: 8.27 | **MA(10)**: 8.35.  

   - Price is below both short-term MAs, indicating **bearish momentum**.  

3. **RSI(6)**: **22.84** (oversold territory). This hints at a possible short-term bounce, but downtrends can sustain oversold conditions.  

4. **Volume**:  

   - Current volume (182k TRUMP) is below MA(5) (330k) and MA(10) (343k), signaling weaker selling pressure.  

5. **Order Book**:  

   - Strong bid support at lower prices (e.g., 6,646 TRUMP at 8.16).  

   - Immediate resistance at 8.17 (current price level).  

6. **Trend**:  

   - Significant declines over all timeframes (e.g., -26.66% over 30 days).  

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### **Recommendation**  

**Short-Term Trade**:  

- **Cautious Long** with tight risk management:  

  - **Entry**: Near $8.16 (24h low) if price holds and RSI rises.  

  - **Target**: MA(5) at $8.27 (1.2% upside).  

  - **Stop Loss**: Below $8.15 (break of support).  

**Rationale**:  

- Oversold RSI and proximity to 24h low suggest a potential bounce.  

- Low volume indicates weak selling momentum, but the broader downtrend limits upside.  

**Alternative Scenario**:  

- **Short** if price breaks below $8.16 with increasing volume. Target $7.90–$8.00.  

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### **Risk Notes**  

- The asset is a **meme coin**, prone to volatility.  

- Use tight stops and monitor volume/RSI for confirmation.  

- Avoid overleveraging due to high-risk nature.  

**Final Decision**:  

**Short-term long with strict stop-loss** (preferred due to oversold RSI), but prepare to reverse if support breaks.