Here's my quick take on $TRUMP's 1-hour chart:
🐻 Current Sentiment: Bearish
Key Highlights:
🔴 Resistance Rejected: A failed breakout rally indicates selling pressure at higher levels.
🔴 Fakeout Rally: A fakeout near resistance has further strengthened the bearish case.
🔴 RSI: Not yet oversold, signaling there may still be room for downside.
🟢 Stoch RSI: Oversold, suggesting a potential short-term bounce near support levels.
Key Levels:
Resistance Zone: $40.50 - $46.00 (Ideal shorting opportunity when overbought).
Support Zone: $30.40 - $31.37 (Potential entry point for long positions).
My Plan:
Short at resistance or during overbought conditions.
Watch for a bounce near the support range.
Closing Thoughts:
This is a short-term analysis that’s only valid for the next 12 hours, so stay sharp! What’s your take? Bullish or bearish? Let’s discuss!
#CryptoTrading #TRUMP #Altcoins #TechnicalAnalysis #BearishTrend
🐻 Current Sentiment: Bearish
Key Highlights:
🔴 Resistance Rejected: A failed breakout rally indicates selling pressure at higher levels.
🔴 Fakeout Rally: A fakeout near resistance has further strengthened the bearish case.
🔴 RSI: Not yet oversold, signaling there may still be room for downside.
🟢 Stoch RSI: Oversold, suggesting a potential short-term bounce near support levels.
Key Levels:
Resistance Zone: $40.50 - $46.00 (Ideal shorting opportunity when overbought).
Support Zone: $30.40 - $31.37 (Potential entry point for long positions).
My Plan:
Short at resistance or during overbought conditions.
Watch for a bounce near the support range.
Closing Thoughts:
This is a short-term analysis that’s only valid for the next 12 hours, so stay sharp! What’s your take? Bullish or bearish? Let’s discuss!
#CryptoTrading #TRUMP #Altcoins #TechnicalAnalysis #BearishTrend
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
