TRUMP/USDT 15m Chart Analysis

TRUMP/USDT 15m Chart Analysis

Current Price: $61.04

Support Levels:

  • Target 1: $58.50 (minor support).
  • Target 2: $55.00 (major support).
  • Resistance Targets:
  • $63-$65 (key resistance zone).

Momentum:
  • RSI: 42.44, indicating bearish control.
  • Hidden bearish divergence suggests continuation of the downtrend.


Trade Setup:
  • Entry: $61.00-$63.00 (or bounce to resistance at $63-$64).
  • Targets: T1: $58.50, T2: $55.00
  • Stop Loss: Above $63.50


Market Maker Activity:
  • Distribution at higher levels, likely accumulating below $58 to trap bulls before continuation.


Notes:


  • Monitor volume near $65 for confirmation of resistance strength.
  • Look for pullback opportunities to $63-$64 for better R:R.
  • Confidence Level: 8/10 for bearish continuation.
Chart PatternsTechnical IndicatorsTrend Analysis

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