$TRUMP Trade Strategy 📊
Current Price: $11.03
Strategy Type: Short-Term / Scalping
Key Support Level: $10.50
Key Resistance Level: $11.50
🔑 Trade Setup:
Buy Entry: If price bounces from support at $TRUMP $10.50, enter long.
Sell Target: Aim for $11.50 resistance or trail stops as price approaches this level.
Stop Loss: Place a stop loss just below $10.40 to minimize risk.
📈 Technical Indicators:
RSI: Currently near 45, indicating potential for upward movement if momentum shifts.
MACD: Bullish crossover is on the horizon; wait for confirmation before entering.
Why This Setup?
With price currently near the support zone, there's a good chance of a short-term bounce. Watch for a bullish reversal pattern near $10.50 and take profit at the resistance near $11.50. Scalping traders can look to enter and exit quickly as price moves within this range.