#TRUMP is currently in an uptrend, my friends. Surely you are accumulating heavily to get into the guest list for the unforgettable gala dinner with the President on "May 22, this upcoming event 😃. Those who heard me entry when it adjusted to 11.5$ since the previous day should have found it already.
Now let's analyze together to find a new entry point to ride with the President 😄
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4H Frame:
The main trend is clearly uptrend (the price is closely following the upper Bollinger Band).
The price just retraced after a strong profit-taking move at 16.092 and is trying to climb up.
Volume is starting to stabilize again but hasn't exploded like before.
RSI(6) is at 73, which means it’s not too hot (still has the potential to go up further if there is cash flow).
1H Frame:
The price just had a strong bounce, breaking a small resistance of 13.800 – 14.000.
RSI(6) is above 75, slightly high, but looking at the volume, there are signs of strong cash flow coming in.
Bollinger Band is widening, a sign that a new upward movement is about to begin.
15-Minute Frame:
RSI(6) is 87, signaling that it is overbought in the short term, a small pullback is likely.
However, the last 15-minute candle closed beautifully in green.
MACD is starting to slope upwards, and Bollinger Band is widening.
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=> Summary:
The main trend still leans towards Long.
However, due to the 15-minute RSI being too high, entering immediately may lead to a light correction.
Reasonable strategy:
Wait for a slight pullback around ~13.90 – 14.00 to enter Long.
SL below the area of 13.70.
TP short-term around 14.40 – 14.60.
If it breaks strongly through 14.50, then hold the position expecting it to test the peak area of 16.000.