$TRUMP /USDT IS A BOTTOM FORMING AFTER THE DUMP?
After peaking at $16.01, $TRUMP entered a steep downtrend, breaking key levels like $13.18 and $12.04. Following a prolonged period of weakness, a potential bottom may be forming near the $9.60–$9.80 range, as shown by the recent bullish bounce and range tightening on the 4H chart.
📊 Trade Setup (Reversal Watch)
• Entry Zone: $9.60 – $9.80
• Take Profit 1: $10.52
• Take Profit 2: $11.30
• Stop Loss: $9.15
📌 Key Observations
• Downtrend Confirmed from $16.01
• Failed Consolidation at $13.18 → Breakdown
• Bounce from Local Low → Early Accumulation Signs
This current structure suggests a potential reversal, but confirmation is needed. A $TRUMP breakout above $10.52 with volume could validate the first leg of recovery.