$TRUMP
Market Analysis:
Current Price: $11.95
24h High/Low: $12.46 / $10.66
Trend: Recent sharp pump from ~$10.70 to $12.46, followed by a slight consolidation.
Volume: Significant spike during the breakout, slightly declining now.
RSI (6): ~60.57 – still below overbought (>70), suggesting more room to climb.
MACD: Bullish crossover occurred, but histogram is flattening.
Moving Averages: MA(5) > MA(10), showing short-term bullish momentum, but getting closer – suggesting possible cooling.
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Suggested Trade Strategy:
Trade Type: Short-term swing trade (15-min to 1-hour hold)
Entry Point:
Buy around: $11.70 - $11.80
This is a support level forming from recent consolidation after the breakout. Wait for a small retracement or bounce confirmation with increasing volume.
Stop Loss:
$11.30
Below the consolidation range and the last strong green candle base. Protects against reversal if trend fails.
Take Profit (TP):
TP1: $12.45 (retest of local high)
TP2: $13.00 (if breakout continues on volume)
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Rationale:
Volume Surge: Indicates strong interest, but slowing volume suggests potential short-term pullback or consolidation before next move.
RSI & MACD: Neutral to bullish, with space for further upside if momentum resumes.
Risk-Reward Ratio: Targeting TP1 ($12.45) gives ~1.5:1 R/R, TP2 offers ~2.6:1.
