#NewsTrade TRUMP!
I took advantage of the sudden spike in the price of TRUMP after a media announcement about the symbolic participation of the currency in a prominent political event, and here is my strategy through the **Trading Participation Card** feature:
Entry: 0.92$ (a quick jump after posting a controversial tweet linked to the political figure supporting the currency).
First target: 1.15$ (daily resistance level + achieving **25% profit within 24 hours).
Risk management: Stop-Loss at 0.82$ (below the immediate support area to avoid sharp corrections).
Technical analysis showed:
- The RSI indicator jumped from 30 to 65 within hours (strong buy signal).
- Trading volume multiplied 5x with the spread of the news, confirming the upward trend momentum.
The distinctive idea: combining **breaking news impact** (such as sudden media statements) and **high liquidity** during the early hours of the event, allowing for capturing short-term volatility!
📌 Lesson: currencies linked to news events (like $TRUMP) require live monitoring of media and a quick reaction to seize opportunities before the hype dies down.
Do you think the "trading with news" strategy is effective? 💬