$TRUMP is stuck near 10.1, barely hanging on!
The four-hour chart looks like an ECG, with minimal fluctuations causing frustration. The MACD's two lines are twisting like a pretzel at the zero axis, and the histogram barely turned red at 0.033, making false signal traps likely;
The KDJ is even more bizarre, with the J value at 84.8 being excessively high, while K and D are stuck at 55 and 40, a typical bull fishing line.
The upper limit of 16.4 is a high-pressure line, while the lower limit of 7.1 is considered a solid bottom, and this vacuum zone in between is enough for the market manipulators to play for a year.
In my personal judgment, don't expect a big market movement today; either continue to grind in the narrow range of 10-11, or there might be a surprise spike.
Opening a position at the current level is purely a gamble; if you really want to do something, watch for a break below 7.1 to chase shorts, or consider light positions after a stable breakthrough above 16.4.
But remember, a price increase from this J value position is a trap; don’t chase if it doesn’t retrace. Holding onto physical commodities is exhausting in this stagnant market, and contract players are advised to close the software for safety!
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