TRUMP/USDT (4H) Analysis Key Observations: ✅ Double Bottom Formation – A strong reversal pattern, suggesting that the downtrend might be over and a new uptrend could be forming. ✅ Breakout Above Downtrend Line – The price has successfully broken out of the falling wedge pattern, a bullish signal. ✅ Higher High (HH) and Higher Low (HL) – Confirming a potential trend reversal to the upside. ✅ RSI at 57 – RSI is in a neutral zone, meaning there is still room for price growth before becoming overbought.
Key Levels: 🔹 Support: ~$19 (recent breakout retest zone) 🔹 Resistance: $21.50 - $22 (next key area to break for bullish continuation) 🔹 Major Upside Target: $30 - $40 if the breakout sustains
Potential Trade Plan: 📌 Entry: If price holds above $19-$20, it's a strong buy zone for continuation. 📌 Stop-Loss: Below $18 to manage risk. 📌 Target: $25 - $30 in the short term, with higher potential if market momentum stays bullish.
🚀 Final Thoughts: This setup is bullish, and if momentum sustains, TRUMPUSDT could see significant upside. However, watch for confirmation with volume and a retest of the breakout zone before entering aggressively. Key Observations: ✅ Double Bottom Formation – A strong reversal pattern, suggesting that the downtrend might be over and a new uptrend could be forming. ✅ Breakout Above Downtrend Line – The price has successfully broken out of the falling wedge pattern, a bullish signal. ✅ Higher High (HH) and Higher Low (HL) – Confirming a potential trend reversal to the upside. ✅ RSI at 57 – RSI is in a neutral zone, meaning there is still room for price growth before becoming overbought.
Key Levels: 🔹 Support: ~$19 (recent breakout retest zone) 🔹 Resistance: $21.50 - $22 (next key area to break for bullish continuation) 🔹 Major Upside Target: $30 - $40 if the breakout sustains
Potential Trade Plan: 📌 Entry: If price holds above $19-$20, it's a strong buy zone for continuation. 📌 Stop-Loss: Below $18 to manage risk. 📌 Target: $25 - $30 in the short term, with higher potential if market momentum stays bullish.
🚀 Final Thoughts: This setup is bullish, and if momentum sustains, TRUMPUSDT could see significant upside. However, watch for confirmation with volume and a retest of the breakout zone before entering aggressively.