$TRUMP Recently, the asset's price struggled to get past the $9.00 resistance level after a recent test. This has led to a period of consolidation, with the price currently holding steady around $8.80 support.
If the price manages to break above the $9.00 mark, it could gain upward momentum, with potential targets around $9.30 to $9.50. However, a break below the $8.80 support could see the price drop back to the $8.60 to $8.40 range before it finds new buying interest.
Here is one potential trade setup to consider for study purposes:
Entry: A good entry point could be between $8.75 and $8.85.
Take Profit: Look to secure gains at $9.20 (TP1) or potentially at $9.50 (TP2).
Stop Loss: To manage risk, a stop loss could be set at $8.55.
(This is for educational purposes only and not financial advice.)