Is TRUMP preparing for a rocket breakout? Strong momentum despite reaching overbought areas
$TRUMP
💡 Quick technical analysis:
✅ Huge unexpected rise! After touching a bottom at $7.14, TRUMP jumped strongly to $16.44 before stabilizing currently around $15.18, indicating very strong buying momentum.
✅ RSI indicator at 88.29 – in a highly overbought area, indicating the possibility of a slight correction before any further rise.
✅ The MACD shows strong positive momentum, with a clear bullish crossover between the DIF and DEA lines, enhancing the likelihood of continued upward movement in the coming hours.
📊 Trading volume has exploded significantly, supporting price movement and confirming the entry of strong new liquidity into the market.
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🚀 Expected scenario:
If resistance at $16.44 is broken again with a strong close, we may see a quick jump towards:
✅ $18.00
✅ $20.00
✅ And perhaps higher areas with the continued momentum!
In the event of a correction, the $13.60 area is currently considered an important support, and breaking it may push the price to test the $12.90 areas again.
#BİNANCE #Tradewithusamaqureshi
$TRUMP
💡 Quick technical analysis:
✅ Huge unexpected rise! After touching a bottom at $7.14, TRUMP jumped strongly to $16.44 before stabilizing currently around $15.18, indicating very strong buying momentum.
✅ RSI indicator at 88.29 – in a highly overbought area, indicating the possibility of a slight correction before any further rise.
✅ The MACD shows strong positive momentum, with a clear bullish crossover between the DIF and DEA lines, enhancing the likelihood of continued upward movement in the coming hours.
📊 Trading volume has exploded significantly, supporting price movement and confirming the entry of strong new liquidity into the market.
---
🚀 Expected scenario:
If resistance at $16.44 is broken again with a strong close, we may see a quick jump towards:
✅ $18.00
✅ $20.00
✅ And perhaps higher areas with the continued momentum!
In the event of a correction, the $13.60 area is currently considered an important support, and breaking it may push the price to test the $12.90 areas again.
#BİNANCE #Tradewithusamaqureshi
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TRUMP
11.2
-13.91%