$TRUMP 🔥Trade Strategy 🔥
Based on the chart analysis, here’s a strategy for both short-term traders (scalping/day trading) and swing traders (holding for a few days to weeks).
1. Short-Term Trading (Scalping/Day Trading)
Objective: Take advantage of short-term price movements within a few hours.
Entry Points:
Buy near support: Around $13.00 – $13.10 (Look for a bounce confirmation).
Breakout trade: If price breaks and holds above $13.20, buy with a target of $13.50 – $13.60.
Exit Strategy (Take Profit - TP & Stop Loss - SL):
Take Profit (TP): $13.40 – $13.50 (Quick profit-taking level).
Stop Loss (SL): $12.85 (To limit losses if trend reverses).
Indicators to Watch:
RSI: If RSI crosses 75, consider taking profits as it signals overbought conditions.
MACD: If MACD crosses downward, it may indicate a reversal, so consider exiting.
2. Swing Trading (Holding for Several Days to Weeks)
Objective: Capture a larger move by holding for days or weeks.
Entry Points:
Buy on dips: Near $12.80 – $13.00, if the price holds above support.
Breakout buy: If price closes above $13.50, it could push toward $14.00 – $15.00.
Exit Strategy:
Take Profit (TP):
First target: $14.00
Second target: $15.00+ if momentum is strong.
Stop Loss (SL): Below $12.60 (to avoid deep pullbacks).
Indicators to Watch:
Volume Spike: High volume on green candles confirms bullish momentum.
Bollinger Bands: If the price touches the upper band with high RSI, expect a pullback.
Support Holding: If TRUMP holds above $13.00, bulls remain in control.
Final Tips:
✅ Risk Management: Only risk 1-2% of your capital per trade.
✅ Trailing Stop Loss: If price moves up, adjust SL to lock in profits.
✅ Market Conditions: Watch Bitcoin and overall crypto sentiment, as they impact altcoin movement.
This is not financial advice. Do Your Own Research.
Follow for more Updates🙏
