TRUMP Update:
TRUMP is currently sitting at the 21 MA support. If it holds strong, we are likely to see a rebound. There is another support around $13.6, but it may weaken if the price breaks down below the 21 MA.
The RSI is forming a bearish divergence, suggesting that a short-term correction is likely.
Strategy:
~ Entering a short position at CMP to $15.6.
~ Stop loss: $16.5.
~ Leverage: 5x to 10x.
~ Target: $11.5 to $12.
Note: Always do your own research and analysis before investing.
Regards,
Dexter.
TRUMP is currently sitting at the 21 MA support. If it holds strong, we are likely to see a rebound. There is another support around $13.6, but it may weaken if the price breaks down below the 21 MA.
The RSI is forming a bearish divergence, suggesting that a short-term correction is likely.
Strategy:
~ Entering a short position at CMP to $15.6.
~ Stop loss: $16.5.
~ Leverage: 5x to 10x.
~ Target: $11.5 to $12.
Note: Always do your own research and analysis before investing.
Regards,
Dexter.
Trade active
TRUMP Update:
TRUMP has reached $13.68, which is 10% down from our entry. It is currently holding at a key support level. To provide a clearer view, I’ve added three moving averages (21, 50, and 100):
The 21 MA (White) confirmed the rejection.
The 50 MA (Blue) is acting as support.
The 100 MA (Yellow) indicates the potential target.
Updated Strategy:
~ Booking 30% profit here
~ Adjusting stop-loss to breakeven
~ Target: $11.5 – $12
Note: Always do your own research and analysis before investing.
Regards,
Dexter
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.