TRUMPUSDT recently broke out downwards from a symmetrical triangle on the 1-hour chart, signaling potential bearish momentum.
❃The triangle had converging trendlines, indicating market indecision.
❃The breakdown below the lower trendline suggests further downside potential, with $17.854 USDT as the key support level.
❃If the support fails, the price could test lower levels, potentially near 0.055 USDT.
Watch for continued bearish momentum and volume increases as confirmation. If price recovers, resistance is around $40 USDT.
❃The triangle had converging trendlines, indicating market indecision.
❃The breakdown below the lower trendline suggests further downside potential, with $17.854 USDT as the key support level.
❃If the support fails, the price could test lower levels, potentially near 0.055 USDT.
Watch for continued bearish momentum and volume increases as confirmation. If price recovers, resistance is around $40 USDT.
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Related publications
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.