Patience, it's part of the process. 🙏

$TRUMP Short Liquidation: Is a Breakout Brewing?

A hefty $9.7273K short liquidation just hit the market at $39.05144, causing excitement among traders! When shorts are liquidated, it often triggers a price surge as shorts scramble to cover their positions. Let’s dive into what’s next and set up a winning strategy.

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Market Snapshot

Liquidation Level: $39.05144

Market Sentiment: Bullish pressure increasing after the liquidation.

Key Insight: Short liquidations create forced buying pressure, which could ignite a rally if momentum continues.

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What’s Next for $TRUMP?

Scenario 1: Bullish Breakout

If buyers take advantage of the liquidation, $TRUMP could rally to test higher resistance levels, continuing the bullish momentum.

Scenario 2: Consolidation

If the market lacks volume, we might see some sideways movement before the next major move.

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Trading Plan for $TRUMP

Buy Zone:

Look to buy between $38.50 - $39.20, where the price may stabilize after the liquidation event.

Target Levels:

First Target: $40.50

Second Target: $42.00

Final Target: $44.00

Stop Loss:

Set your stop loss below $37.50 to limit risk in case of unexpected price reversals.

for Trading $TRUMP

1. Volume Watch: Monitor for a spike in buying volume above $39.20 to confirm bullish momentum.

2. Breakout Alert: Keep an eye on the $40.00 level—breaking this could lead to a strong upward move.

3. Risk Management: Never risk more than 2-3% of your trading capital on any single trade.

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This $TRUMP short liquidation could mark the beginning of a major move. Stay focused, trade smart, and be prepared to ride the trend! Patience and discipline will be your biggest allies.

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