Here’s a quick technical analysis of the TRUMP/USDT 15-minute chart:
Key Observations:
1. Price Trend:
The price is currently in a downtrend, falling from 15.40 to a low of 13.47 before a slight bounce.
All MAs (7, 25, and 99) are sloping down, showing bearish momentum.
2. RSI (6):
Currently around 25.26, which is in the oversold zone (<30). This indicates a potential for a short-term bounce.
3. Volume:
A volume spike occurred near the recent low (13.47), suggesting that some buyers are stepping in.
4. Stochastic RSI:
Stochastic RSI is also near the oversold area and just beginning to turn upward — this can signal a potential reversal or bounce.
5. Support/Resistance:
Immediate support: 13.47 (recent low).
Resistance: Around 14.27–14.89 (MA25 & MA99 zones).
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Should You Buy?
Cautious Entry:
If you're scalping or looking for a quick bounce, a small position around 13.70–13.80 could work with a tight stop-loss below 13.40.
There’s a chance of a short-term rebound to 14.20–14.30 if RSI and momentum continue to recover.
Avoid Buying If:
You're risk-averse or not planning to monitor actively.
Price fails to hold above 13.50 or breaks down further.