$TRUMP
Long Liquidation: $8,909.7 at $17.38146
Recently, there was a liquidation involving an asset related to Trump at the price of $17.38146. The liquidation involved $8,909.7, which may refer to the total value of the transaction or the trade.
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What’s Next for the Market?
After such a liquidation, the market might experience a few changes, and it’s important to watch for signals indicating where the asset is headed next.
Potential Support Zone: $17.10 to $17.30 range.
Next Resistance Zone: $17.70 to $18.00 range.
Price Movement: There may be some short-term fluctuations before we see a more solid trend direction.
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Buy Zone
If you’re looking to buy into this asset, keep an eye on the following:
Buy Zone: A good entry point would be around $17.10 to $17.30.
Why? This is a zone where price could stabilize and bounce back after recent downward movements.
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Target
If you’re planning to profit from the trade, here’s what you should target:
Target Price: $18.00 to $18.50.
Why? This is a realistic short-to-medium-term target based on recent price resistance levels.
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Stop Loss
Protecting your investment is important. A stop loss is a safety measure to prevent further losses if the price moves against you.
Stop Loss: $16.80 to $17.00.
Why? If the price drops below this range, it indicates the market is moving against you, and it might be a good time to cut losses and re-evaluate your position.
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Key Points to Remember
Monitor Support and Resistance: Keep track of the $17.10-$17.30 support and $17.70-$18.00 resistance levels.
Watch for Market Sentiment: Political and financial news can impact price movements, so always stay updated.
Manage Risk: Use a stop loss to prevent larger losses in case the market moves unfavorably.
Always remember, trading comes with risk, and it’s important to do your research and consider professional advice when necessary#BinanceAlphaAlert