what do you think the value of TRUMP by the end of January?
BlockchainBaller
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Bearish
$TRUMP /USDT Analysis Volatility at Play $TRUMP is trading at $37.98, showing a sharp decline of 28.22% in the past 24 hours. With heightened market activity, the price action signals significant volatility and possible opportunities ahead.
Key Levels to Watch:
Resistance:
$42.00 (immediate resistance)
$45.50 (key breakout level)
Support:
$35.00 (immediate support)
$30.40 (critical level)
Trade Setup:
Long Entry: Above $42.00
Targets:
1. $45.50
2. $50.00
Stop Loss: Below $37.50
Short Entry: Below $35.00
Targets:
1. $32.00
2. $30.40
Stop Loss: Above $38.00
Market Insight:
RSI: At 50, signaling neutral momentum, leaving room for both upward and downward movements.
MACD: Currently bearish, indicating caution in long trades until momentum shifts.
Outlook:
A break above $42.00 could drive TRUMP toward $50.00, while failure to hold $35.00 may lead to a retest of $30.40. Traders should exercise caution and closely monitor volume for breakout confirmations.