TRUMP / TetherUSLong
TRUMP/USDT (4H) Analysis ,, Reversal from here
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.
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.
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.
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.