Market Update: $TRUMP USDT Breakdown & Retest
I’ve been watching the price action on TRUMP, and the technical structure has turned decisively Bearish. We just witnessed a sharp rejection at the 2.406 local top, followed by a high-volume dump that sliced through our primary support zones. Currently, we’re seeing a small relief bounce, but with the MA(25) and MA(99) looming just above as resistance, this looks like a classic "dead cat bounce" before further downside. I’m looking to capitalize on this weakness as the bears maintain control of the momentum.
Trading Signal: SHORT
Entry Zone: 2.367 – 2.375
Take Profit: 2.340 / 2.315
Stop Loss: 2.395
#TRUMP #TrumpNFT #Binance #crypto #CryptoTrading
I’ve been watching the price action on TRUMP, and the technical structure has turned decisively Bearish. We just witnessed a sharp rejection at the 2.406 local top, followed by a high-volume dump that sliced through our primary support zones. Currently, we’re seeing a small relief bounce, but with the MA(25) and MA(99) looming just above as resistance, this looks like a classic "dead cat bounce" before further downside. I’m looking to capitalize on this weakness as the bears maintain control of the momentum.
Trading Signal: SHORT
Entry Zone: 2.367 – 2.375
Take Profit: 2.340 / 2.315
Stop Loss: 2.395
#TRUMP #TrumpNFT #Binance #crypto #CryptoTrading