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TRUMP/USDT Market Outlook:
🌟In the short-term, there is price action within a downsloping channel, suggesting a continuation of the downtrend.
A rejection at $15 has also occurred, to which the price action fits the pattern of a descending trendline resistance.
🌟Expecting Two Potential Trade Scenario
✨Bullish Scenario: If price bounces from the support of $13, an upward breakout from the descending channel could occur resulting at $18-20 mark. A bullish trendline breakout in combination with the descending channel resistance could give a very good long trade opportunity.
✨Bearish Scenario: If price breaks below $13, then selling pressure can increase resulting in a more deeper free fall. A confirmed rejection from resistance trendline at $15 strengthens the bearish trend in the short term until support is met.
🌟For now Key Levels to Watch will be here
✨Resistance: $15 (short-term), $18-20 (If breakout occurs).
✨Support: $13 (major bounce zone).
🌟Next major support is at $13.0 level. This area is significant because it is where a good number of buyers can come into the market, causing an upward price movement. If price tests the support . and holds, then a potential rally might be in sight.
Please Pay attention to potential price movement at $13 support and DYOR.