From the chart, TRUMP, after a sharp rise the day before, is currently in a key range of long and short battles. Let's dive straight into the hardcore analysis, less talk.
Current structure overview
Hourly chart (1H): Price rose and then fell back, short-term moving averages are entangled in a death cross, BOLL is starting to narrow, showing a weak oscillating pattern, buying pressure has not completely retreated but has weakened.
4-hour chart (4H): The trend line is still pressing down, the rebound peak has not reclaimed the previous high (9.38), a 'engulfing' pattern has appeared at the top, and the MACD fast and slow lines are close to the 0 axis, with a noticeable reduction in momentum.
Daily chart (1D): Short-term moving averages are turning downward, SAR points have turned green, previous low around 8.28 serves as support, but upward momentum is not strong enough, still oscillating at a high level.
Suggested direction of operation
Current structure is weak, characterized by a pullback and consolidation after a high was not broken, it is recommended to mainly take short positions, focusing on whether it breaks below the BOLL middle track and support.
Current price: 8.98
First support level: 9.135
Second support level: 9.27
Stop-loss level: 8.83
