$TRUMP
TRUMP/USDT: Bullish Breakout or Overbought Trap? 📈
The TRUMP/USDT pair is showing some serious heat today with a +5.49% surge! Looking at the 1H chart, we are seeing a strong upward trend, but here is what the technicals are telling us before you jump in:
🔍 Technical Breakdown:
Price Action: Currently trading at 3.422, pushing against the upper Bollinger Band (3.454). This shows massive buying pressure!
MACD: The histogram has turned green and is expanding, confirming that the bulls are currently in control of the momentum.
RSI (10): Sitting at 74.25. Note: This is in the Overbought territory. While the trend is strong, a short-term "cooling off" or consolidation might happen before the next leg up.
KDJ: The K-line is at 91.55, suggesting the price is stretched. Watch for a potential crossover for a perfect entry.
💡 Trading Strategy (NFA):
🎯 Immediate Target: If we break and hold above $3.45, the next stop could be $3.60 - $3.75.
📉 Buy the Dip: If a rejection happens at the resistance, look for a bounce near the middle Bollinger Band ($3.33) or the SAR support ($3.37).
🛡️ Stop Loss: Keep a tight SL around $3.19 to manage your risk effectively.
Meme coins move fast! 💨 Always trade with a plan and don't let FOMO drive your decisions.
What’s your move? Are you Long or Short on $TRUMP right now? Let’s discuss in the comments! 👇
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