TRUMPUSDT: Key Support and Resistance Levels in 4H/8H Charts
TRUMPUST Coin Analysis
The 4H chart is reflecting the 8H retracement phase, indicating a potential base forming between $18.29 and $18.50. The 0.5 Fibonacci level at $19.49 is acting as key resistance. Key levels are marked on the chart.
🟢 Bullish Scenario:
A break above $19.50 would signal demand absorption, confirming upside potential. Next target levels: $20.68 - $22.00.
🔴 Bearish Scenario:
If price rejects at $19.50, a breakdown towards $17.50 - $17.75 is likely. The 8H TD Sequential suggests further downside may be possible.
The 4H chart is reflecting the 8H retracement phase, indicating a potential base forming between $18.29 and $18.50. The 0.5 Fibonacci level at $19.49 is acting as key resistance. Key levels are marked on the chart.
🟢 Bullish Scenario:
A break above $19.50 would signal demand absorption, confirming upside potential. Next target levels: $20.68 - $22.00.
🔴 Bearish Scenario:
If price rejects at $19.50, a breakdown towards $17.50 - $17.75 is likely. The 8H TD Sequential suggests further downside may be possible.
Trade active
🎯 Bias:Bearish to neutral unless price reclaims 18.75 - 19.00 with strength.
Below 18.30, expect continuation lower.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.