$TRUMP
Short Liquidation: What’s Next?
The market just liquidated a $7.0446K short position at $16.401. This means a trader who bet on the price going down got forced out as the price moved up. Now, let's break down what could happen next.
Current Market Situation
Price Action: The price reached $16.401, likely due to liquidations triggering a short squeeze.
Momentum: If bulls stay strong, the price could rise further. If they lose strength, a pullback might happen.
Resistance & Support:
Resistance: $16.50 - $17.00 (Strong selling pressure expected here)
Support: $15.50 - $15.80 (Buyers may step in here)
Trade Plan: Buy Setup
If you are looking to buy $TRUMP, here’s a safe plan:
Buy Zone: $15.50 - $15.80
Target 1: $16.80
Target 2: $17.50
Stop Loss: $14.90 (If price drops below this, the trend may reverse)
Risk-Reward: This setup offers a good balance of risk and reward.
Trade Plan: Short Setup
If you believe $TRUMP will drop, consider shorting at higher levels:
Short Entry: $16.80 - $17.00
Target 1: $15.80
Target 2: $15.00
Stop Loss: $17.60
Caution: Shorting is risky in an uptrend. Always manage risk properly.
Final Thoughts
If price pulls back, buy in the $15.50 - $15.80 range.
If price spikes up, look to short near $16.80 - $17.00.
Always use a stop loss to protect your money.
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