Trading Strategy for Currency $TRUMP – Potential Bounce from Support? (Daily Frame)
After a sharp upward wave reaching $16.44, the TRUMP currency is correcting and currently stabilizing around $13.07. With its stability above the averages, there may be a short-term speculative opportunity.
Technical Analysis:
RSI = 51 → Completely neutral, neither overbought nor oversold.
Bollinger Bands: The price is moving around the middle band, indicating a potential return of momentum.
MACD: Weak selling momentum, and a positive crossover is close if the price maintains stability.
Trading Strategy:
Strategy Name: Dynamic Support Bounce + RSI Momentum
First Buy Zone: $13.07 (current price)
Reinforcement Zone: $12.00 (previous support + Bollinger)
Stop Loss: $11.40
Targets:
First Target: $14.30
Second Target: $15.70
Third Target: $16.40 (previous peak)
Risk to Reward Ratio:
Excellent, more than 2:1 even on the first target.
Additional Tips:
Do not use high leverage on MEME currencies.
These currencies move quickly, so use a strict stop loss.
Raise the stop loss after achieving the first target to secure profit.
Do you see TRUMP returning to test the peak?
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