The three coins TRUMP, LINK, and ATOM are all showing positive signals, opening up attractive trading opportunities for investors. Below is a detailed analysis and suitable trading strategies for each coin.
1. TRUMP (Official Trump Coin)
• Current price: $13.31
• Resistance: $13.50 – $14.00
• Support: $12.50 – $12.00
• Technical signal: TRUMP is trading near the important support level of $12.50. If the price holds above this level, a new bullish trend could emerge.
Trading strategy:
• Futures: Consider opening a Long position when the price exceeds $13.50. SL: $12.50 – TP: $14.00
• Spot: Accumulate buying around $13.00 if the price holds above support.
Top news:
• TRUMP has increased by 80% after a major investor offered $5 million for dinner with former President Donald Trump.
• However, TRUMP has decreased by 87% since its peak in January, indicating the significant volatility of this coin.
2. Chainlink (LINK)
• Current price: $14.59
• Resistance: $15.00 – $16.00
• Support: $13.50 – $13.00
• Technical signal: LINK is trading near the resistance level of $15.00. If the price surpasses this level, a new bullish trend could emerge.
Trading strategy:
• Futures: Long when the price exceeds $15.00. SL: $13.50 – TP: $16.00
• Spot: Accumulate buying around $14.50 if the price holds above support.
Top news:
• LINK has broken the descending wedge pattern, indicating the potential for a price increase to $15.00.
• Technical indicators like SuperTrend have signaled a buy at $14.99, supporting the bullish trend.
3. Cosmos (ATOM)
• Current price: $4.33
• Resistance: $4.50 – $5.00
• Support: $4.00 – $3.80
• Technical signal: ATOM is trading near the important support level of $4.00. If the price holds above this level, a new bullish trend could emerge.
Trading strategy:
• Futures: Long when the price exceeds $4.50. SL: $4.00 – TP: $5.00
• Spot: Accumulate buying around $4.30 if the price holds above support.
Top news:
• ATOM has decreased by 40% over the past year but is showing signs of recovery with a recent increase of 22%.
• Technical indicators still signal a decline, but if the price holds above support levels, a new bullish trend could emerge.
Summary of today's strategy
• TRUMP, LINK, and ATOM are all trading near important support and resistance areas, opening up attractive trading opportunities.
• Investors should closely monitor technical price levels to make appropriate trading decisions.
• Maintain strict risk management and adhere to the established trading strategy to optimize profits.
This article is for technical analysis purposes only, not investment advice. Please manage risk carefully and only trade when there are confirmed signals.
