Trading Plan Short $TRUMP
$TRUMP is showing a clear distribution wick into 2.382 resistance after a brief push up.
Entry: $2.351-$2.391
Stoploss: $2.455
Targets: $2.300 / $2.150 / $2.000
TRUMP wicked above the 2.382 level on the 1H, sweeping buy-side liquidity before getting stuffed. Retail is clearly chasing this pump with a 1.73 L/S ratio, but taker sell volume is aggressive. OI is bleeding 2.17% on this leg up, indicating smart money distributed into the strength. The rising funding suggests longs are getting squeezed. Reclaim 2.455, short voided.
Trade $TRUMP here 👇
$TRUMP is showing a clear distribution wick into 2.382 resistance after a brief push up.
Entry: $2.351-$2.391
Stoploss: $2.455
Targets: $2.300 / $2.150 / $2.000
TRUMP wicked above the 2.382 level on the 1H, sweeping buy-side liquidity before getting stuffed. Retail is clearly chasing this pump with a 1.73 L/S ratio, but taker sell volume is aggressive. OI is bleeding 2.17% on this leg up, indicating smart money distributed into the strength. The rising funding suggests longs are getting squeezed. Reclaim 2.455, short voided.
Trade $TRUMP here 👇
