⚠️ Coin $TRUMP is testing the resistance area, and if it is rejected from that area, a downward correction wave will occur
📍 Monitoring zone: 2.750 – 2.880 (the red resistance zone and a sell-side rejection test)
🎯 Price correction targets:
• Target 1: 2.594
• Target 2: 2.521
• Target 3: 2.448
❌ Invalidate the scenario: closing an hourly candle above 2.920
💡 Technical rationale: Price directly hits the lower bound of the red resistance zone, showing upper wicks that reflect sellers’ intervention, alongside the indicator being in the overbought zone and a decline in the momentum indicator
📍 Monitoring zone: 2.750 – 2.880 (the red resistance zone and a sell-side rejection test)
🎯 Price correction targets:
• Target 1: 2.594
• Target 2: 2.521
• Target 3: 2.448
❌ Invalidate the scenario: closing an hourly candle above 2.920
💡 Technical rationale: Price directly hits the lower bound of the red resistance zone, showing upper wicks that reflect sellers’ intervention, alongside the indicator being in the overbought zone and a decline in the momentum indicator