1. Bullish Breakout Strategy
Trigger: If the price breaks above $32.30 with strong volume.
Entry:
Place a buy order at $32.50 (confirm breakout above resistance).
Targets:
Target 1: $36.00 (MA25 level).
Target 2: $45.00 (next major resistance).
Stop-Loss:
Set at $31.50 (to minimize loss in case of a false breakout).
Volume Confirmation:
Look for volume spikes during the breakout. If volume is weak, avoid entering.
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2. Bearish Breakout Strategy
Trigger: If the price falls below $29.00 with high selling pressure.
Entry:
Place a sell (short) order at $28.90 (confirm breakdown below support).
Targets:
Target 1: $25.70 (recent low).
Target 2: $23.00 (critical support).
Stop-Loss:
Set at $30.50 (to prevent loss if the breakdown fails).
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Key Factors to Monitor:
1. Volume:
Breakouts with low volume are likely false. Ensure there’s a significant volume increase before entering.
2. Candle Confirmation:
Wait for a 6-hour or daily candle close above $32.30 for bullish or below $29.00 for bearish confirmation.
3. Market Sentiment:
Watch Bitcoin and major crypto movements, as they influence altcoins like TRUMP.
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Risk Management:
Risk only 1-2% of your capital on each trade.
Adjust position sizes based on stop-loss distance to maintain proper risk-reward ratios.
