TRUMP / TetherUS
Long

TRUMPUSDT looks very bullish

167
hi traders,

🧠 Chart Overview
Asset: TRUMPUSDT

Timeframe: Daily

🔍 Technical Analysis
Price Structure: We can see a double bottom or rounded bottom formation, suggesting a potential trend reversal from bearish to bullish.

RSI Indicator: The RSI has broken out of its long-term downtrend, which is a key early bullish signal. It has also crossed above its moving average, hinting at growing momentum.

Confirmation: The price has confirmed a bottom around the $7–$8 range, with multiple tests of support and a slight upward curve forming.

💡 Trading Setup
Entry: It is still early to enter a long position at the current levels (9$)

Target: The upside target is the major resistance at $15.70, aligning with the previous high marked by the red horizontal line.

Stop Loss: The stop loss is placed below the recent lows, around the $8.12 level, ensuring protection if the bottom doesn't hold.

⚠️ Notes
Entering now is aggressive and speculative, but early positioning can offer higher R:R.

Conservative traders might wait for a confirmed breakout above $10 before entering.

Volume confirmation would strengthen this setup further.

This is a classic early-reversal setup — worth watching closely!

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