$TRUMP Next Move Prediction:

Scenario 1: Break Above 29.70

If the price breaks above 29.70, it could retest the 30.00-30.12 resistance zone.

Scenario 2: Consolidation and Drop

If the price fails to hold above 29.30, it may revisit the support level of 28.78 or lower.

Trading Strategy:

For Buying:

Entry Point: Consider entering near 29.30 or at the stronger support of 28.78 if it holds.

Profit Target:

First target: 29.70.

Second target: 30.00-30.12 (if bullish breakout occurs).

Stop Loss: Below 28.50, to avoid losses in case of a bearish breakdown.

For Selling:

Entry Point: If the price fails to break above 29.70, you can consider selling for short-term profits.

Target: 29.30 or lower.

Stop Loss: Above 29.80, to minimize losses in case of an upward breakout.

Current Price Movement:

Price is at 29.59, reflecting a minor recovery from its recent low of 28.78.

The price is struggling to hold above the 29.70 resistance zone.

Parabolic SAR:

The SAR dots are now appearing above the candles, signaling the beginning of a potential downtrend unless strong buying momentum appears.

MACD:

The MACD line is below the signal line, and the histogram is showing weak bearish momentum, which suggests potential consolidation or slight downward pressure.

Volume:

Volume is steady but does not indicate strong bullish action, reflecting market indecision.

Support and Resistance Levels:

Resistance: 29.70-29.90 (recent rejection zone).

Support: 29.30 (minor) and 28.78 (stronger support from the recent low).

Recommendation:

The chart indicates indecision at this level. Wait for a clear break above 29.70 to go long or a drop below 29.30 to consider short trades. Patience is crucial in this scenario to avoid being caught in market noise.

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