Trump Media Analysis
💡 Reasons for a bullish movement based on technical view:
The price is currently testing a strong $20–$21 support zone, an area that has previously led to significant bounces, indicating strong buyer interest. A break above $23 could signal an early bullish reversal, while a move above $27 would provide further confirmation of an uptrend. Additionally, the RSI is near oversold levels, suggesting a potential bounce as selling pressure weakens. To strengthen the bullish case, it's crucial to watch for a surge in volume and price action around these key levels.
🔹 Target 1: $30 (previous resistance)
🔹 Target 2: $35 (stronger resistance level)
🔹 Drop below $20 could signal further downside
🔹 Bearish case: possible move toward $15
📈 Stay sharp & manage risk!
The price is currently testing a strong $20–$21 support zone, an area that has previously led to significant bounces, indicating strong buyer interest. A break above $23 could signal an early bullish reversal, while a move above $27 would provide further confirmation of an uptrend. Additionally, the RSI is near oversold levels, suggesting a potential bounce as selling pressure weakens. To strengthen the bullish case, it's crucial to watch for a surge in volume and price action around these key levels.
🔹 Target 1: $30 (previous resistance)
🔹 Target 2: $35 (stronger resistance level)
🔹 Drop below $20 could signal further downside
🔹 Bearish case: possible move toward $15
📈 Stay sharp & manage risk!
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.