$TRUMP
Part 1 -
Trading Plan for $TRUMP/USDT
Bullish Strategy (Long Position)
This strategy assumes the price will rise.
Entry Criteria :
- Enter a long position if the price breaks and closes above $41.81 USDT (MA7) with high volume.
- Alternatively, if the price pulls back to 40.01 USDT (MA25) and shows a bullish reversal (e.g., green candles or a bullish pattern).
Targets :
1. Target 1 : $48.33 USDT (24-hour high).
2. Target 2 : $63.99 USDT (previous major peak).
3. Target 3 : $77.24 USDT (all-time high on the chart).
Stop-Loss :
- Set a stop-loss just below $40.00 USDT (to avoid staying in the trade if the support fails).
- For safer trading, place the stop-loss near $35.75 USDT, which is a significant support level.
Risk-Reward Ratio :
- Ensure your potential profit is at least 2x your risk (e.g., risking $2 for a $4 reward).
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Bearish Strategy (Short Position)
This strategy assumes the price will fall.
Entry Criteria :
- Enter a short position if the price breaks below 40.00 USDT and fails to reclaim it as support.
- Watch for increasing red candles or high bearish volume for confirmation.
Targets :
1. Target 1 : $35.75 USDT (immediate support).
2. Target 2 : $30.40 USDT (major historical support).
3. Target 3 : $27.25 USDT (bottom of the spike).
Stop-Loss :
- Place the stop-loss slightly above $41.81 USDT (to protect against a bullish reversal).
Risk-Reward Ratio :
- Similar to the long strategy, ensure at least a 2:1 ratio .
Neutral/Range-Bound Strategy -
If the price consolidates between $40.01 - $41.81 USDT , consider range trading :
- Buy at $40.01 USDT, aiming to sell at $41.81 USDT.
- Sell at $41.81 USDT, targeting $40.01 USDT.
This strategy works until a breakout confirms a new trend.
