Technical analysis by WaveRiders2 about Symbol TRUMP on 3/4/2025

📊 TRUMP/USDT Market UpdateWelcome to today's analysis! Let’s break down the current price action on TRUMP and what to expect next.🌐 Overview: TRUMP Approaching Key Resistance📉 TRUMP was in a downtrend after breaking a key support level. Now, the price is approaching the red resistance zone, which was previously a support level before the strong breakdown.🔄 Current Scenario:The red resistance zone is a critical level that needs to be broken for a trend shift to bullish.If TRUMP successfully breaks above this resistance, it could confirm a bullish trend, with the next target being the blue line level.However, if price gets rejected, we could see another pullback or consolidation before another breakout attempt.🔑 Key Levels to Watch🔴 Resistance Zone: Red Level (Needs breakout to confirm bullish momentum)🔵 Target Level: Blue Line (If breakout is successful)🛠️ Trade Scenarios📌 Bullish Scenario (Breakout Above Red Resistance)If TRUMP breaks and holds above the red resistance zone, this would confirm bullish momentum and a potential move toward the blue line target.📌 Bearish Scenario (Rejection at Resistance)If TRUMP fails to break out, we could see a pullback or consolidation, meaning the downtrend could still continue.📌 ConclusionTRUMP is at a key resistance zone—a breakout could confirm a bullish trend, targeting the blue line level, while a rejection may lead to further downside movement. Traders should watch for confirmation before making a move.