$TRUMP
Technical Overview
Current Price: $12.15
24h High: $12.46
24h Low: $10.66
Trend: Strong bullish breakout with a huge green candle and volume spike.
MAs:
MA(7): $11.25
MA(25): $10.99
MA(99): $11.02
All moving averages have just been breached to the upside — signaling the start of a strong bullish trend.
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1. Entry Points
Aggressive Entry: At current market price ($12.15) — if expecting continuation of breakout.
Conservative Entry: On a retest of the breakout zone at $11.50 – $11.70 (this is near previous resistance and the MA cluster).
Note: Entering during a strong breakout always carries higher risk of a pullback.
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2. Stop-Loss Placement
To protect against a sharp reversal, place a stop-loss just below $10.99, near the MA(25) and MA(99).
Suggested Stop-Loss: $10.80
This also covers the base of the breakout candle.
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3. Take-Profit Target(s)
TP1: $12.80 — Psychological round number and potential resistance.
TP2: $13.50 – $14.00 — If momentum continues, price discovery could push into this zone.
TP3 (Extended): $15.00+ — Highly speculative target if hype/momentum sustains.
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Risk-Reward (Aggressive Entry @ $12.15)
Stop-Loss: $10.80
TP1: $12.80 (RR ≈ 1:0.5)
TP2: $13.50 (RR ≈ 1:1)
TP3: $15.00 (RR ≈ 1:2)
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Indicators Confirmation
Massive Volume Spike: Signals strong interest and possible FOMO.
Breakout Candle: Large bullish candle breaking prior highs and MAs.
MA Alignment: Short-term MAs crossing over long-term — early bull signal.