$TRUMP Trading strategy on the 1-hour timeframe based on current technical indicators and price action:
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1. TRUMP / USDT Market Overview:
• Current Market Price: $12.16
• Trend: Bullish recovery after sharp correction from $16.17
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2. TRUMP / USDT Technical Analysis:
• EMA21 ($12.00) acting as dynamic support
• MACD shows bearish momentum but flattening
• Stoch RSI near oversold, suggesting a bounce may come
• RSI(24): 58.74, still in bullish zone
Supports:
• $12.00 – EMA21 support
• $10.94 – EMA50 support
Resistance:
• $13.17 – minor swing high
• $16.17 – recent top
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3. $TRUMP / USDT Spot Trading Setup:
• Buy Zone: $11.80–$12.20 (close to EMA21 and prior breakout)
• TP1: $13.17 – previous high
• TP2: $14.86 – price zone before steep rejection
• TP3: $16.17 – local top
• SL: $10.80 – below EMA50 and structure support
Best Course of Action:
Buy – Price is retesting EMA21 with signs of potential reversal from oversold indicators, offering a favorable risk-reward spot entry.
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4. $TRUMP / USDT Futures Trading Setup:
• Long Entry Zone: $12.00–$12.20
• TP1: $13.17
• TP2: $14.86
• TP3: $16.17
• SL: $10.90
• Short Entry Zone: $13.00–$13.20
• TP1: $12.00
• TP2: $10.94
• TP3: $9.80
• SL: $13.50
Best Course of Action:
Bullish – Long setup preferred on retest of EMA21 with possible upside recovery if momentum shifts.
[Note: “This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.”]