#TRUMP 🔥 Technical Bounce or Bearish Continuation in $TRUMP? Analysis and Key Levels 🔥
The TRUMP/USDT pair has been showing volatile moves in recent sessions. Let’s analyze what the charts and on-chain data are telling us:
📍 Technical Analysis:
1️⃣ Key Supports: On shorter timeframes, we saw an immediate support at 1,936 USDT, while the strong 4H support is located near 1,814 USDT.
2️⃣ Resistances: To confirm a structure change on the 4H timeframe, the price must break above the EMA band of 25 and 99 located between 2.03 USDT and 2.09 USDT.
3️⃣ Indicators: After touching levels close to oversold on the 4-hour chart (RSI < 20), the pair is attempting a relief bounce. However, the overall structure still requires confirmation from buying volume.
🗞️ Fundamentals to consider:
The narrative around memecoins and political-themed tokens is still being shaped by macro volatility and the absorption of recent token unlocks.
💡 Projection:
If it holds the 1.93 USDT support, we could see a retest toward the 2.03 – 2.08 USDT zone in search of liquidity.
If the current level is lost, the pullback scenario toward 1.81 USDT remains active.
💬 What does the community think? Do you see a Long opportunity on the bounce, or do you prefer looking for Shorts if it tests resistance? I’ll read your comments! 👇
#trading #CryptoNews #Binance
The TRUMP/USDT pair has been showing volatile moves in recent sessions. Let’s analyze what the charts and on-chain data are telling us:
📍 Technical Analysis:
1️⃣ Key Supports: On shorter timeframes, we saw an immediate support at 1,936 USDT, while the strong 4H support is located near 1,814 USDT.
2️⃣ Resistances: To confirm a structure change on the 4H timeframe, the price must break above the EMA band of 25 and 99 located between 2.03 USDT and 2.09 USDT.
3️⃣ Indicators: After touching levels close to oversold on the 4-hour chart (RSI < 20), the pair is attempting a relief bounce. However, the overall structure still requires confirmation from buying volume.
🗞️ Fundamentals to consider:
The narrative around memecoins and political-themed tokens is still being shaped by macro volatility and the absorption of recent token unlocks.
💡 Projection:
If it holds the 1.93 USDT support, we could see a retest toward the 2.03 – 2.08 USDT zone in search of liquidity.
If the current level is lost, the pullback scenario toward 1.81 USDT remains active.
💬 What does the community think? Do you see a Long opportunity on the bounce, or do you prefer looking for Shorts if it tests resistance? I’ll read your comments! 👇
#trading #CryptoNews #Binance