🔍 Market Overview for $TRUMP
1. Recent Long Liquidation:
Amount: $5,812.6
Liquidation Price: $23.25055
This indicates that leveraged long positions were forcefully closed at this price, suggesting potential downward pressure but also a chance for a rebound if buyers step in.
2. Current Sentiment:
If liquidations are high, the market might still be in a downtrend, but a bounce could be expected at strong support levels.
Analyzing buying interest, volume, and key support-resistance levels is crucial before entering a trade.
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🛒 Suggested Buy Zone (Entry Points)
Zone 1: $21.80 - $22.50
This is a key support area where buyers may step in.
A bounce from here could signal a trend reversal.
Zone 2: $19.50 - $20.00 (Extreme Support Zone)
If price breaks below $21.80, this could be the next strong accumulation area.
Watch for high volume and bullish signals before buying here.
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🎯 Target Levels (Profit Booking)
Target 1: $24.80 - $25.50
If a bounce happens from Buy Zone 1, expect this as a short-term target.
Target 2: $27.00 - $28.50
If momentum stays strong, price could push toward this resistance zone.
Target 3: $31.00 - $33.00 (Bullish Breakout Zone)
If bullish momentum continues and $28.50 is broken, a rally to $31+ is possible.
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⛔ Stop-Loss (Risk Management)
For Buy Zone 1 (Entry: $21.80 - $22.50):
Stop-loss at $20.90 (to minimize risk if price drops further).
For Buy Zone 2 (Entry: $19.50 - $20.00):
Stop-loss at $18.20 (to avoid heavy losses if trend goes bearish).
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🔥 Trading Strategy & Key Insights
1. Monitor Market Sentiment:
Check for volume spikes—high buying volume at support = bullish signal.
Keep an eye on Bitcoin's movement as it affects altcoins.
2. Watch for Trend Reversal Signals:
Bullish engulfing candles, RSI divergence, or MACD crossover on the 4H or daily chart.
3. Use Stop-Loss to Protect Capital:
Don't trade emotionally—stick to planned stop-loss levels.
Adjust stop-loss to breakeven if price moves in your favor.
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⚠️ Final Note
The crypto market is unpredictable—always manage risk wisely.
Do not overleverage, as liquidations indicate high volatility.
Stay updated on news/events that could impact $TRUMP.
