$TRUMP USDT - POTENTIAL BULLISH REVERSAL! š
Here's a quick technical analysis of the $TRUMPUSDT chart:
Key Levels:
* Current Price: 10.02 š¢
* Immediate Resistance: 10.05 - 10.07 (The grey shaded box just above the current price, acting as a crucial level to break for upside).
* Target Resistance: 10.20 (The green box, a significant target if the bullish momentum materializes).
* Immediate Support: 10.00 - 9.98 (The red shaded area, indicating current support and where price found a bounce).
* Strong Support: 9.93 (The red line, acting as a critical stop-loss level and stronger support).
Trade Setup:
Given the bounce from the recent support zone and the possibility of a reversal from the consolidation, we are looking for a LONG entry.
* Entry: Consider an entry around 10.00 - 10.02 (around the current price, confirming the support hold).
* Target 1 (TP1): 10.10 šÆ
* Target 2 (TP2): 10.18 š
* Stop Loss (SL): 9.92 š (Just below the strong support level of 9.93).
Risk Management:
Always define your stop-loss before entering a trade and stick to it! Risk only a small, fixed percentage (e.g., 1-2%) of your capital on each trade to protect against unexpected market movements. This disciplined approach is key to sustainable trading. š”ļøš°
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