AlexCrypto Rupu
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Bullish
$TRUMP Suggested Next Move:
Selling Strategy:
Sell Around Resistance:
Wait for the price to approach $40 (resistance level), as there’s a likelihood of rejection at that point.
Place a stop-loss above $40 in case the price breaks out further.
Monitor Momentum:
If the MACD and SAR indicators continue supporting bullish momentum, avoid selling prematurely as the price might breach $40 and move higher.
Risk Consideration:
If you sell now at $39.28, ensure you set stop-loss protection, as the recent bullish momentum may cause a breakout.
Bullish Breakout (Upward Move)
If the price breaks above $40:
Expect the next upward targets at $42.50–$43, as this could attract more buyers.
Momentum indicators (e.g., MACD) suggest buying pressure building.
Action:
If you're holding, consider waiting for the price to breach $40 before selling higher.
Rejection at Resistance (Downward Move)
If the price fails to break $40:
It may drop back toward $36 or even test the $34.52 support level again.
Volume is declining, which could indicate weak buying interest.
Action:
You can sell near $40 resistance to secure profits if bearish signs (e.g., SAR flipping above candles) appear. Please follow me for more thank you
Selling Strategy:
Sell Around Resistance:
Wait for the price to approach $40 (resistance level), as there’s a likelihood of rejection at that point.
Place a stop-loss above $40 in case the price breaks out further.
Monitor Momentum:
If the MACD and SAR indicators continue supporting bullish momentum, avoid selling prematurely as the price might breach $40 and move higher.
Risk Consideration:
If you sell now at $39.28, ensure you set stop-loss protection, as the recent bullish momentum may cause a breakout.
Bullish Breakout (Upward Move)
If the price breaks above $40:
Expect the next upward targets at $42.50–$43, as this could attract more buyers.
Momentum indicators (e.g., MACD) suggest buying pressure building.
Action:
If you're holding, consider waiting for the price to breach $40 before selling higher.
Rejection at Resistance (Downward Move)
If the price fails to break $40:
It may drop back toward $36 or even test the $34.52 support level again.
Volume is declining, which could indicate weak buying interest.
Action:
You can sell near $40 resistance to secure profits if bearish signs (e.g., SAR flipping above candles) appear. Please follow me for more thank you
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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