ElenaX
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Bullish
đ $TRUMP Holderâs Dilemma: What to Do? đ
If youâre holding TRUMP and wondering about the next steps after a steep rally and subsequent correction, here's a detailed technical analysis of the situation to guide you!
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Current Scenario
đ Overhyped Rally: TRUMP saw a massive surge, leading many buyers to enter at high levels. Unfortunately, a sharp correction has left PNLs at -50% to -60%, causing widespread concern.
đŻ Critical Price Levels:
Some entered at $50+ during the hype.
Now the question arises: Hold or Sell?
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Technical Analysis Highlights
đ Downtrend Dominates: The overall trend is bearish, putting pressure on prices.
đĄ Key Support Zone:
The trendline from the bottom is acting as a crucial support.
Historically, $TRUMP has respected Fibonacci retracement golden zones (0.5 and 0.61 levels) significantly.
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Critical Levels to Watch
đ Breakdown Scenario:
If the price breaks the trendline support, it could test the $20 level, signaling a selling momentum opportunity.
đ Rejection & Bullish Formation:
If the trendline holds and the price forms a bullish pattern, this could trigger a move toward the $60+ range.
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What Should You Do?
1. For Current Holders (at High Levels):
Watch the trendline support closely.
A breakdown may indicate a further dropâconsider managing risk.
If support holds, consider averaging down or holding for a potential recovery.
2. For New Buyers:
Wait for confirmation: Either a bullish reversal near support or a clear breakdown to capitalize on selling momentum.
Avoid chasing the hype blindlyâstick to the technicals!
---
Stay Updated & Informed!
đĄ The market is unpredictableâpatience and vigilance are key. If you found this analysis helpful, follow us for more updates, insights, and trading strategies!
đ¸ Pro Tip: Always use proper risk management when trading volatile assets like $TRUMP .
#Write2Earn
If youâre holding TRUMP and wondering about the next steps after a steep rally and subsequent correction, here's a detailed technical analysis of the situation to guide you!
---
Current Scenario
đ Overhyped Rally: TRUMP saw a massive surge, leading many buyers to enter at high levels. Unfortunately, a sharp correction has left PNLs at -50% to -60%, causing widespread concern.
đŻ Critical Price Levels:
Some entered at $50+ during the hype.
Now the question arises: Hold or Sell?
---
Technical Analysis Highlights
đ Downtrend Dominates: The overall trend is bearish, putting pressure on prices.
đĄ Key Support Zone:
The trendline from the bottom is acting as a crucial support.
Historically, $TRUMP has respected Fibonacci retracement golden zones (0.5 and 0.61 levels) significantly.
---
Critical Levels to Watch
đ Breakdown Scenario:
If the price breaks the trendline support, it could test the $20 level, signaling a selling momentum opportunity.
đ Rejection & Bullish Formation:
If the trendline holds and the price forms a bullish pattern, this could trigger a move toward the $60+ range.
---
What Should You Do?
1. For Current Holders (at High Levels):
Watch the trendline support closely.
A breakdown may indicate a further dropâconsider managing risk.
If support holds, consider averaging down or holding for a potential recovery.
2. For New Buyers:
Wait for confirmation: Either a bullish reversal near support or a clear breakdown to capitalize on selling momentum.
Avoid chasing the hype blindlyâstick to the technicals!
---
Stay Updated & Informed!
đĄ The market is unpredictableâpatience and vigilance are key. If you found this analysis helpful, follow us for more updates, insights, and trading strategies!
đ¸ Pro Tip: Always use proper risk management when trading volatile assets like $TRUMP .
#Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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