Trade Strategy for TRUMP/USDT(6H) Based on the Chart
$TRUMP
Current Overview
Price: $28.32 (-2.14%).
Key Moving Averages:
MA(7) at $29.06 (short-term).
MA(25) at $34.51 (mid-term).
Trend: Downtrend with slight consolidation after hitting a low of $25.71.
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Trade Strategy
1. For a Short-Term Bounce (Scalp/Quick Trade):
Entry: Wait for price to reclaim and close above the MA(7) at $29.06 with volume.
Target: $30-$32 range (near the previous resistance zone).
Stop-Loss: Place below $27.50 (below the recent low of $27.71).
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2. For Trend Reversal (Swing Trade):
Entry:
Confirm breakout above the MA(25) at $34.51 with high volume.
Target:
$38-$40 (mid-term).
$45-$50 if momentum sustains.
Stop-Loss: Below $32 (below the breakout point).
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3. For Continuation of the Downtrend:
Entry: Short if the price breaks below $25.71 with increased selling volume.
Target: $23-$20 (previous support levels).
Stop-Loss: Above $27.50.
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Risk Management
Limit risk to 1-2% of total capital per trade.
Monitor volume for confirmation during breakouts or breakdowns.
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Key Notes
The asset is in a downtrend; avoid aggressive long positions unless clear reversal signs appear.
Consolidation and low volume indicate a potential buildup for a bigger move. Wait for breakout signals.
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