TRUMP Token Drops 90%: What Happens Next?

robot
Abstract generation in progress

$TRUMP has suffered a major crash, wiping out nearly 90% of its value. The price is currently fluctuating around $10.52, with traders watching for potential recovery or further decline. The key resistance at $11-$12 will determine whether a recovery is possible. Is this a buying opportunity as the price drops, or is further decline ahead❓ TRUMP is trading at $10.52, with a 24H high of $10.85 and a low of $10.04. The price has seen slight fluctuations but is consolidating within a narrow range. The market is awaiting the next move, with important levels to closely monitor. Important Levels to Monitor Resistance: $10.85 - A breakout above this level could push TRUMP towards $11.20+. Support: $10.04 - Losing this level may open up the opportunity to retest the $9.80 level. Market Sentiment Trading volume remains stable, indicating accumulation in this range. The Parabolic SAR indicates a support trend is forming. Selling pressure is slightly weaker than buying power, with a selling dominance ratio of 51.63%. How to Set Up Trading Entry point: If TRUMP surpasses $10.85, expect an upward trend towards $11.20-$11.50. Short entry point: A breakdown below $10.04 could lead to $9.80-$9.50. Stop loss: Set the stop at $10.00 for long trades and $10.90 for short trades. Final Thoughts TRUMP is at a crucial juncture, consolidating in a narrow range. An explosion or breakout will determine its next major move. Watch for volume confirmation before entering a trade.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)