$TRUMP has faced a sharp rejection at the $15.31 resistance level and is currently trading near $12.59. A strong bearish engulfing candle has formed on the 4-hour chart, suggesting a potential momentum breakdown. After multiple failed attempts to break resistance, sellers appear to be gaining control. Key support lies at $12.30, while resistance remains around $13.80.
Trade Setup:
Short Entry Zone: $12.60 – $12.90
Take Profit Targets: $12.00 / $11.20
Stop Loss: $13.85
Risk Management Tips: Due to the high volatility typical of meme coins, it's crucial to respect your stop-loss levels. Consider scaling into positions gradually and keep overall exposure in check.
Community Insight: Stay ahead of the trend — early movers often gain the advantage. Join the conversation and stay updated with the latest market signals.
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