A huge short position of $9,052.1K just got liquidated at $19.46641! This means someone was betting on the price to go down, but the market moved against them. This could be a sign of a strong bullish trend.
Now, let’s break it down simply:
Current Market Condition
Price Action: has strong momentum after the liquidation.
Market Sentiment: More liquidations could push the price higher.
Next Moves: Where to Buy & Sell?
Buy Zone (Best Entry Points)
Safe Buy: $17.50 - $18.20 (If price retraces)
Aggressive Buy: $18.80 - $19.00 (In case of strong momentum)
Target (Where to Sell for Profit)
Target 1: $21.50 (Short-term resistance)
Target 2: $23.00 (Stronger resistance)
Target 3: $25.00+ (If breakout continues)
Stop Loss (Risk Management - When to Exit if Price Drops)
Safe Stop Loss: $16.80 (Below key support)
Aggressive Stop Loss: $17.50 (If price moves fast)
Final Thoughts
Bullish Signal: Short liquidations often mean prices can go up.
Watch the Market: If $TRUMP holds above $19.00, the next target is $21.50+.
Be Ready: If price drops below $17.50, be cautious.
Trade smart! Always manage risks and don’t chase FOMO!