It looks like $TRUMP had a short liquidation of $2.6656K at $27.455, meaning traders who were betting on the price going down were forced out as the price went up above their expected level.
Here’s what you might want to consider next:
Price Rise Potential: Since shorts got liquidated, there could be increased buying pressure, pushing the price higher. If the price holds above $27.455, it could continue to rise, making it a good potential buying opportunity.
Watch for Momentum: If the price keeps rising, it could attract more buyers. Keep an eye on volume and price action. If the price stays strong and doesn't drop back below $27.455, it could signal continued growth.
Risk of Pullback: After a liquidation event, prices sometimes pull back. If you enter now, make sure to set a stop loss in case the price dips. Timing is important in volatile markets like this.
Key Levels: Look out for any support levels forming above $27.455. If the price holds above this, it might be a sign of stability.
Would you like help tracking TRUMP’s support levels or technical indicators to find a better entry point?
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