Given the strong bullish momentum, a long (buy) position could be considered. However, due to the "Meme" and "Vol" tags and the proximity to the 24-hour high, extra caution is warranted.
Entry Strategy:
Option 1 (Breakout Confirmation): Consider entering if the price decisively breaks above the 24h high of 13.60 USDT and holds that level, preferably with sustained or increasing volume. This would suggest a continuation of the rally.
Option 2 (Pullback Entry): Look for a minor pullback towards the MA(7) (around 13.37 USDT) or the recent consolidation area (around 13.40 USDT). If the price finds support here and shows signs of resuming the uptrend, it could offer a more favorable risk-reward entry.
Stop-Loss Strategy:
If entering on a breakout above 13.60 USDT, a stop-loss could be placed slightly below this breakout level, for instance, around 13.40 - 13.45 USDT.
If entering on a pullback (e.g., around 13.37 USDT), a stop-loss might be placed below a recent swing low or the MA(25), for example, around 13.05 - 13.15 USDT.
Take-Profit Strategy:
Target 1: If entering on a pullback, the 24h high (13.60 USDT) would be the initial target. If 13.60 USDT is breached, or if entering on a breakout, aim for levels like 13.80 USDT, 14.00 USDT, or higher, potentially based on Fibonacci extensions or previous price swings if visible on a broader timeframe.#SaylorBTCPurchase #BinancePizza $TRUMP