Technical analysis by limitissky77 about Symbol TRUMP: Buy recommendation (2/15/2025)

TRUMP/USDT (4H) Analysis Key Observations:✅ Double Bottom Formation – A strong reversal pattern, suggesting that the downtrend might be over and a new uptrend could be forming.✅ Breakout Above Downtrend Line – The price has successfully broken out of the falling wedge pattern, a bullish signal.✅ Higher High (HH) and Higher Low (HL) – Confirming a potential trend reversal to the upside.✅ RSI at 57 – RSI is in a neutral zone, meaning there is still room for price growth before becoming overbought.Key Levels:🔹 Support: ~$19 (recent breakout retest zone)🔹 Resistance: $21.50 - $22 (next key area to break for bullish continuation)🔹 Major Upside Target: $30 - $40 if the breakout sustainsPotential Trade Plan:📌 Entry: If price holds above $19-$20, it's a strong buy zone for continuation.📌 Stop-Loss: Below $18 to manage risk.📌 Target: $25 - $30 in the short term, with higher potential if market momentum stays bullish.🚀 Final Thoughts:This setup is bullish, and if momentum sustains, TRUMPUSDT could see significant upside. However, watch for confirmation with volume and a retest of the breakout zone before entering aggressively.Key Observations:✅ Double Bottom Formation – A strong reversal pattern, suggesting that the downtrend might be over and a new uptrend could be forming.✅ Breakout Above Downtrend Line – The price has successfully broken out of the falling wedge pattern, a bullish signal.✅ Higher High (HH) and Higher Low (HL) – Confirming a potential trend reversal to the upside.✅ RSI at 57 – RSI is in a neutral zone, meaning there is still room for price growth before becoming overbought.Key Levels:🔹 Support: ~$19 (recent breakout retest zone)🔹 Resistance: $21.50 - $22 (next key area to break for bullish continuation)🔹 Major Upside Target: $30 - $40 if the breakout sustainsPotential Trade Plan:📌 Entry: If price holds above $19-$20, it's a strong buy zone for continuation.📌 Stop-Loss: Below $18 to manage risk.📌 Target: $25 - $30 in the short term, with higher potential if market momentum stays bullish.🚀 Final Thoughts:This setup is bullish, and if momentum sustains, TRUMPUSDT could see significant upside. However, watch for confirmation with volume and a retest of the breakout zone before entering aggressively.