#CardanoDebate

### 📉 **Current Price**

* **9.90 USDC**

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### 📊 **Chart Insights**

1. **Price Trend**:

* Clear **downtrend** in recent candles.

* Price fell from **\~10.7** to **\~9.85**, then slightly recovered to **9.90**.

* This shows strong **bearish pressure**.

2. **Volume Analysis**:

* A **large red volume spike** occurred around **21:23**.

* This indicates a **strong sell-off**, possibly by large holders (whales).

* After that, volume dropped, suggesting **loss of momentum** in both directions.

3. **Moving Averages (MA)**:

* **MA60** (grey line) = **10.09**, which is **above current price**, confirming bearish trend.

* **MA(5)** = 1,282.956

* **MA(10)** = 1,115.493

*(These numbers likely relate to volume or different scale; price MAs aren't shown clearly for shorter periods.)*

4. **EMA Tab (Performance Overview)**:

* **Today**: -0.10% (almost flat)

* **7 Days**: +0.92% (still up weekly)

* **30 Days**: -25.45%

* **90 Days**: -18.52%

► Clear long-term **bearish pressure**.

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### 📌 **Trade Signal**

> This setup shows a **bearish breakdown**, so the **signal is:**

* **SELL (Short)** or

* **AVOID Long Entry** for now

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### 🛑 **Stop Loss (SL) Recommendation**

Set **Stop Loss** slightly above recent resistance or moving average:

* **SL = 10.15 – 10.25 USDC**

* Why: That’s above the **MA60** and recent minor bounce, avoiding false breakouts.

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### 🎯 **Take Profit (TP) Recommendation**

Watch the psychological support levels:

* **TP1 = 9.75** (minor recent support)

* **TP2 = 9.60** (stronger psychological and historical zone)

* **TP3 = 9.40** (if strong downtrend continues)

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### ✅ **Profit/Loss Estimate**

If you **shorted at 10.00**:

* Current Price = 9.90

→ **Profit: +1.0%**

If you **bought at 10.00**:

* Current Price = 9.90

→ **Loss: -1.0%**

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### 📉 Final Notes:

* **Downtrend is strong** but slowing—watch for **volume rebound** or price **consolidation**.

* Use **tight SL** due to high volatility in meme tokens like TRUMP.

* Avoid entries without clear trend reversal confirmation.

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