$TRUMP Hello Binance community!
I bring you a fresh analysis of the $TRUMP chart, which is currently hovering around $11.06, with a slight decrease of -0.27%. We saw that in the last 24 hours it reached a high of $11.32 and a low of $10.66, moving within a fairly narrow range. Be careful, because right now it is a little below the 7-period moving average ($11.13), which could be showing that it lacks strength to break upwards.
For those already in, it might be a good idea to take partial profits if the price approaches $11.30–$11.35 again, since there we find strong resistance. And if you are thinking of entering, it may be wise to wait for a pullback to $10.85–$10.90, which is an interesting support zone, before jumping in. Another option would be to enter only if it breaks $11.35 with volume, confirming bullish strength.
The volume decreased a bit after the last increase, so it could be a time for caution to avoid falling into traps. What do you think? Do you see a rebound opportunity or will you wait for confirmation? I’m listening!