$TRUMP trend reversal after a prolonged period of consolidation. The asset has broken out of a falling wedge pattern, typically a strong technical signal for upside momentum. With a solid base formed near $10 and recent price action breaching key resistance levels, we believe $TRUMP is poised for a multi-leg rally.
Technical Setup:
Pattern: Falling Wedge Breakout
Support Base: ~$10 (historical consolidation zone)
Entry Range: $14.4 – $15.5
Targets:
TP1: $18.0
TP2: $22.0
TP3: $28.0
Stop-Loss: Below $13.8 (structural invalidation)
Catalysts:
Increased trading volume supporting the breakout
Rebound in broader altcoin sentiment
Community-driven momentum and speculative interest tied to political narratives
Bullish technical indicators (RSI trending upward, MACD crossover)
Risks:
Failure to hold above $14.5 could lead to a false breakout scenario
Volatility around macro/political events could lead to abrupt sentiment shifts
Liquidity risks during market pullbacks
Conclusion:
$TRUMP offers a compelling short-to-mid-term trading opportunity with a favorable risk-reward profile. Confirmation of momentum and volume continuation will be key in validating the breakout. Active monitoring and disciplined risk management are recommended.