๐ $TRUMP Price Outlook: More Downside or a Rebound Ahead?
is currently trading at $11.89, facing strong selling pressure after failing to maintain its position above key resistance. If buyers donโt regain control soon, the price may continue its downward trajectory. However, a decisive recovery could signal a potential reversal.
Crucial Price Levels to Watch
๐ Bullish Reversal Above $12.20 โ If buyers step in, these upside targets come into play:
Target 1: $12.50
Target 2: $12.80
๐ Bearish Continuation Below $11.80 โ A breakdown could lead to further losses:
Target 1: $11.50
Target 2: $11.20
Trade Strategy & Risk Management
โ Long Entry: A confirmed reclaim of $12.20 could indicate renewed bullish momentum.
โ Short Entry: A sustained drop below $11.80 may open the door for further declines.
โ Stop Loss: Adjust risk levels based on market volatility to safeguard against sudden price swings.
With the market at a critical juncture, traders should monitor price action closely and adjust their strategies accordingly. Stay disciplined and trade with a clear plan in place. ๐