Based on the information seen in both images, we can observe the following:
✅ Current price: 11.948, with an increase of +28.86%.
✅ Overall trend: At first glance, the chart shows significant volatility, with strong upward and downward movements. However, after a sharp peak, there seems to be a short-term bearish trend, indicated by the overall direction of the candles and moving averages.
✅ Moving Averages (MA): The 5-period Moving Average (yellow line) is above the 10-period Moving Average (blue line), which could be interpreted as a bullish signal in the very short term. However, both moving averages appear to be pointing downward, reinforcing the idea of a recent bearish trend.
✅ Relative Strength Index (RSI): The RSI (6) is at 32.951 and the RSI (24) at 34.926. Both values are below 50, which generally suggests that the asset is not overbought and could have room to rise, but it could also indicate a continuation of the bearish trend.
✅ Stochastic RSI: The MASTOCHRSI values (38.289) and MASTOCHRSI Signal (39.516) are also below 50, which does not provide a clear signal for bullish reversal at this time.
✅ MACD: The MACD shows a value of -0.053, with the DIF line (-0.287) below the DEA line (-0.235). This is a bearish signal.
Given the current outlook, with the short-term bearish trend more evident and the MACD signals confirming it, a Short entry could be considered more aligned with the current trend.
However, it is crucial to keep the following in mind before making any decisions:
🔥🥴High Volatility: This cryptocurrency shows very sharp movements. Any trade carries significant risk.
Fundamental Analysis: Aside from the dinner with Donald Trump, there is no information on news or events that could be affecting the price of $TRUMP
👀 Risk Management: It is essential to set an appropriate stop-loss to protect your capital in case the price moves against your position.
📝🧠 In summary:
Although in the very short term the moving averages may suggest a slight bullish momentum, the recent bearish trend seems stronger, supported by the MACD. If you decide to trade, carefully consider your risk tolerance and use risk management tools.
It is important to remember that this analysis is based solely on the information provided in the image and does not constitute financial advice. Conduct your own thorough research before making any investment decisions.