RTUMP/ usdt

Wave Analysis (Elliott Waves):

1. A clear downward wave started from the peak near 10.16 and ended at the bottom 8.30.

2. The price then rebounded in a corrective upward wave (Wave B) reaching up to ~9.13.

3. It is now followed by a corrective sideways/downward wave C moving horizontally around the area of 8.96.

This indicates that the price is at the end of a correction or the beginning of a consolidation before a new movement.

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📉 Technical Indicators:

Parabolic SAR (yellow dots): Currently above the candles, indicating temporary selling pressure.

MACD: Still in a neutral phase (MACD = 0), with no clear momentum, which supports the idea of volatility.

KDJ (Momentum Indicator): In the middle zone (~60), indicating market neutrality.

Suggested Entry and Exit Points:

Type of Trade Entry Area Stop Loss First Target Second Target

Buy (Speculative) 8.80 - 8.90 USDT 8.60 USDT 9.13 USDT 9.50 USDT

Sell (if broken) Break 8.30 USDT 8.55 USDT 7.80 USDT 7.40 USDT

> ✅ A breakout above 9.13 with strong trading volume could change the direction towards a new rise to areas of 9.70 then 10.00+.

Liquidity:

From the chart, there are no candles with long wicks or price gaps, indicating stable liquidity.

Binance platform is often sufficiently liquid for tokens like TRUMP, especially during news periods or election campaigns.

Recommendation:

The market is currently sideways with slight upward tendencies.

You can enter with a light buy near 8.80 with a precise stop loss (8.60), and only strengthen the position upon breaking 9.13. Risk management is preferred.