Entry Criteria:
We’re eyeing a potential short opportunity on $TRUMP with the following confirmation steps:
Condition 1: Price taps the $12.50 level and displays clear signs of rejection—look for bearish signals such as a pin bar or an engulfing candle on the 15-minute chart.
Condition 2: EMA structure confirms a bearish trend: the 7 EMA is below the 25 EMA, which is below the 99 EMA. Price should also remain under both the 25 EMA and the 99 EMA.
Risk Management:
Stop Loss: Set just above the rejection point at $12.52 (0.16% risk).
Profit Targets:
TP1: $12.46 — A quick 4-cent move (~0.32%), aiming for a 2:1 risk/reward. Close about 40% of the position here.
TP2: $12.30 — A deeper move down (~1.6%), providing a solid 10:1 risk/reward for t
he remaining 60%.$TRUMP