$TRUMP
1. Buy Zone (Entry Area)
Suggested Entry: $12.20 – $12.60
Reason: This range is close to the recent support low of $12.02, and price has recently bounced from that level. Entering on a pullback toward $12.20-$12.60 offers a favorable risk-reward setup.
MA(7) is curling upward, suggesting short-term bullish reversal potential.
2. Stop Loss (SL)
Recommended SL: $11.90
Reason: A break below $12.00 (the previous swing low) may signal continuation of downtrend. $11.90 is a conservative SL to protect capital while avoiding false wicks.
3. Take Profit (TP) Targets
TP1: $13.30 – $13.50
Near resistance zone and 25-period MA ($13.00), which previously acted as support before breakdown.
TP2: $14.50 – $15.00
Medium-term target aligned with past price consolidation before the drop.
Risk-Reward Snapshot
Entry: ~$12.40
SL: ~$11.90 (Risk: $0.50)
TP1: ~$13.50 (Reward: $1.10) → Risk:Reward ~1:2.2
TP2: ~$14.80 (Reward: $2.40) → Risk:Reward ~1:4.8
Technical Insights
Downtrend appears to be slowing, with price stabilizing above $12.
Volume is reducing on down candles, showing seller exhaustion.
If price breaks and sustains above MA(25) (~$13), momentum could shift bullish.
