Based on the 1-hour chart, $TRUMP /USDT is currently showing signs of weakness and a potential short-term reversal after failing to decisively break above the MA(99) (Purple line) resistance around $7.804. The price was rejected sharply near the $8.00 high, forming a strong bearish engulfing candle (or a very long upper wick depending on the candle type). Currently, the price has broken below both the MA(7) and MA(25) support lines, indicating that short-term momentum has shifted to the downside. The strong selling volume on the recent bearish candle confirms the shift.
Trade Setup: Short Entry
* Entry: Short entry around $7.45 - $7.55 (Near the current consolidation/bounce area after the drop).
* TP 1 (Target Profit): $7.282 (Immediate support level).
* TP 2 (Target Profit): $7.134 (Recent swing low/strong support).
* SL (Stop Loss): $7.750 (Just above the current resistance cluster and the short-term moving averages).
Short Outlook of Market
The short-term outlook for TRUMP/USDT is bearish as the price has failed to sustain the push higher and has broken key short-term moving average support levels. The inability to hold above the MA(99) suggests that overhead supply is significant. The market is likely to retest the recent low of $7.134. Sustained trading below $7.40 would confirm this bearish outlook, while a sudden reversal and close above the MA(99) would invalidate the short signal.