$TRUMP
1. Entry Points:
Current Price: $10.97
Short-term Entry Range: $10.90 – $11.00
The price has slightly rebounded from a local low of $10.35 and is trading near the MA(25) at $10.84 and MA(7) at $10.98.
A break and close above the MA(25) (currently $10.84) with volume suggests a short-term reversal.
Conservative entry: Wait for a break above the MA(99) at $11.24 to confirm bullish momentum.
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2. Stop-Loss Placement:
Aggressive Stop-Loss: Below $10.60
Just under recent consolidation levels to avoid false breakdowns.
Conservative Stop-Loss: Below $10.35
This is the recent swing low, a breakdown below it would invalidate the bullish setup.
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3. Take-Profit Targets:
Target 1: $11.25 (Recent 24h high — short-term resistance)
Target 2: $11.85 (mid-resistance zone before the big drop)
Target 3: $12.20 – $12.50 (next resistance zone from volume profile and price action)
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Technical Notes:
Downtrend Pressure: Price is still under the MA(99), so any long position is counter-trend for now.
Volume Spike Opportunity: Look for an increase in volume when breaking $11.25 for confirmation.
Risk-to-Reward: If entering at $10.95 with a stop at $10.60 and Target 1 at $11.25, the R:R ratio is about 1:1; Target 2 offers ~2:1.