#TradingStrategyMistakes $TRUMP for those who lost money!
We know that the main culprit for bank failures is FOMO, and at the wrong moment, we go ahead and buy out of emotion. And that's what happened with $TRUMP.
People bought at $ 60 and now it’s worth a mere $ 9 dollars.
To help these folks, I’ve put together a chart below to understand how we will apply, and of course, with a lot of awareness, a strategy that is a villain but if applied well will help us reduce the loss.
LET’S AVERAGE DOWN
TRUMP can reach around 14 dollars, and now is the time to try to minimize the damage for those who bought at 60 or more.
In the chart, I explain about targets, entries, and exits.
TRUMP, since its inception as a memecoin, created FOMO for being a coin of President Trump. Created by him, even. But over the months it proved to be weak and lost value.
It fell from 77 at its peak to 9 dollars (currently). And that was frustrating.
Best Entry Bought: $ 8.75 to 9.05 (Consider buying at least double the amount of money you entered the coin with)
Note that you should buy when a trigger happens, an inverted hammer at the bottom.
Set your STOPLOSS in the zone of $ 8.00 to $ 8.40
Set your TAKEPROFIT (WITH ALL TRUMP) between $ 12.75 and $ 14.00
And get rid of it and your loss.
Remember this is not a recommendation, YOU ARE RESPONSIBLE for your capital it is just a study of probabilities;
GOLD TIP - Don’t enter just because everyone is entering. Evaluate!
TRUMP
9.42
+2.95%
