$TRUMP is around $2.263, down 8% today, but I’m watching the bounce from $2.148.
My setup:
- Entry: $2.22–$2.26
- TP1: $2.30
- TP2: $2.38
- Stop: $2.14
- Risk: Keep it small
What I like: price reclaimed the MA(7) at $2.22, and MACD is starting to turn up after being deeply negative.
What I don’t like: MA(25) is still above price at $2.295, and the bigger trend hasn’t flipped yet.
I’ve chased bounces like this before and yeah… not my best trade 😂 So I’d rather see TRUMP hold $2.22 than blindly buy the green candles.
The lesson: a bounce isn’t automatically a reversal. I want confirmation above $2.30 before getting more confident.
If $2.14 breaks, my setup is invalid.
Not financial advice. I'm not providing trading signal thi is just my chart read.
My setup:
- Entry: $2.22–$2.26
- TP1: $2.30
- TP2: $2.38
- Stop: $2.14
- Risk: Keep it small
What I like: price reclaimed the MA(7) at $2.22, and MACD is starting to turn up after being deeply negative.
What I don’t like: MA(25) is still above price at $2.295, and the bigger trend hasn’t flipped yet.
I’ve chased bounces like this before and yeah… not my best trade 😂 So I’d rather see TRUMP hold $2.22 than blindly buy the green candles.
The lesson: a bounce isn’t automatically a reversal. I want confirmation above $2.30 before getting more confident.
If $2.14 breaks, my setup is invalid.
Not financial advice. I'm not providing trading signal thi is just my chart read.
