#TRUMP

Market Overview (4H Chart):

Current Price: $11.50

24H High/Low: $13.34 / $10.35

Price Drop: -11.88% recently, showing strong bearish momentum

Volume Surge: Increased volume on the red candle indicates panic selling

RSI(6): ~17.70 — indicates extremely oversold condition

MACD: Bearish crossover, still below 0, but showing signs of flattening

Support Level: Strong bounce off $10.35 (could act as short-term support)

Resistance: Around $12.50–$13.00 range

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Trade Setup:

Strategy: Short-term rebound ("dead cat bounce") or trend reversal swing trade.

Entry Point: $10.80 – $11.00

Reason: Wait for potential retest of the recent low or slight rebound after confirmation candle near $11

Stop Loss: $9.90

Reason: Below the recent low ($10.35). If it breaks below this with volume, trend continuation downward is likely.

Take Profit Targets:

TP1: $12.40 — conservative, near recent resistance

TP2: $13.30 — more aggressive, near recent 24H high

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Risk/Reward Ratio:

Entry @ $11.00, SL @ $9.90, TP1 @ $12.40

Risk = $1.10, Reward = $1.40 → RR = 1.27

TP2 gives RR of ~2.09 — good for partial take-profit strategy

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Recommendation:

Wait for a bullish confirmation (e.g., green candle with volume near $11).

Monitor RSI and MACD for reversal signal.

This is a high-risk meme coin, so position sizing should be cautious