Believe me, if I take a short position, it will go up 😁😁😁😁😁
BlockchainBaller
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Bearish
#TRUMP is getting WWWOOOOORRRRRSSSSEEEEEEEEE day by day... What should we do❓ If this continues, it could soon hit $20 or even $15... Is it ever possible for it to reach $77 or $100 again❓$TRUMP /USDT Testing Key Support – Bearish Pressure Looms.... $TRUMP is trading at $24.89, hovering close to its intraday low of $24.39 after a sharp decline. With persistent selling pressure, the token is at a critical level that could determine its next move.
Key Levels to Watch:
Resistance: $26.64 – A recovery above this level could indicate a potential rebound to $28.
Support: $24.39 – A breakdown below this could open the door to further losses, targeting $22.50.
Indicators:
RSI: At 26, signaling oversold conditions, which may attract some buyers for a short-term bounce.
MACD: Deep in the bearish zone, showing weak momentum for a recovery.
Trade Setup:
Short Entry: Below $24.30, targeting $23.00 and $22.50.
Long Entry: Above $26.00, with targets at $27.50 and $28.00.
💡 Pro Tip: Wait for volume confirmation before taking a position. A clear breakout or breakdown from these levels will indicate the next significant move. Manage your risks effectively....
The current candle is clearly in an uptrend, with a recent increase marked by high volume.
The 720.58 USDT level is marked as a current resistance area.
There is a red zone at the bottom (probably strong support) around 22.65 USDT, which seems inconsistent with the current price scale (maybe a display bug).
Action recommendations:
Current trend: A strong uptrend is visible on the chart. This could indicate a potential bullish continuation in the short term.
Strategy:
If you are bullish, an entry around the current resistance could be risky, but a pullback to a nearby support (e.g. 700 USDT) would be a good entry point.
If you are bearish, watch for a break below the key support at 694 USDT.