$TRUMP Short-Term Trading Strategy
For Buying:
• Wait for the price to reach the support zone around $26.38 or $25.86.
• Ensure there’s a bounce (e.g., green candles forming or MACD showing upward momentum).
• Place a stop-loss slightly below $25.50 to limit losses if the price continues dropping.
For Selling:
• If you buy at $26.38 or lower, aim to sell near the resistance levels:
• $27.50–$27.86 for short-term profits.
• Adjust your stop-loss to protect gains if it trends higher.
Downside Potential
If bearish pressure persists, the price could test lower support levels like $25.86 or $24.58. Monitor for a recovery before buying.
1. Current Price: $26.77 (down by 8.63%).
2. Resistance Levels:
• Closest resistance is at $27.86 (recent high).
• If the price breaks above this, the next resistance could be around $28.03.
3. Support Levels:
• Closest support is at $26.38 (yellow SAR dots below the candles).
• If it breaks further, the next strong support is around $25.86 or $24.58 (previous low).
4. MACD: Trending downward, showing bearish momentum for now.
5. Volume: Volume is decreasing, indicating reduced market participation at this price range.
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