#TRUMP TRUMP/USDT Intraday Analysis
As of now, the current price of TRUMP/USDT is $14.88, down 3.63% from before. Below is today's market analysis:
1. Key Data
1. 24H Range: In the past 24 hours, the price fluctuation range is from $13.64 (support) to $16.44 (resistance).
2. EMA Signal: The short-term EMA (13/21) is consolidating at a low level, while EMA (89) is at $15.07, forming an upper pressure.
3. RSI Indicator: RSI (6) reached 85.25, indicating a short-term overbought state with significant pullback pressure; however, RSI (12/24) still shows a strong bias, indicating that the mid-term momentum has not fully overheated.
4. Trading Volume: The 24-hour trading volume reached 474 million, and MA (5) is significantly higher than MA (10), indicating active short-term capital trading.
2. Market Perspective
1. Support Level: The first support level is $13.64 (24H low), with strong support at the psychological level of $13.00.
2. Resistance Level: At $15.07, it is under pressure from EMA 89; if successfully broken, it is expected to test the high of $16.44.
3. Trend Judgment: Currently, the short-term is overbought, with high pullback risk. However, if the price can hold above $14.50, there is still a potential for a rebound; if it breaks below $13.64 with volume, it may accelerate the decline. The overall trend is biased towards volatility and bearishness, but due to significant fluctuations, one should be wary of a spike in the market.
3. Operational Suggestions
1. Long Position Strategy: Place light long orders around $13.60, with a stop loss set at $13.30, targeting a price of $15.00.
2. Short Position Strategy: When the price rebounds near $15.00 and shows signs of pressure, consider shorting, with a stop loss at $15.30 and a target price of $14.00.
Focus point: Give a thumbs up #trump