$TRUMP | KHUNG 1H — BEAUTIFUL ACCUMULATION FOR PHE LONG
The price structure on the 1H candle is holding up very well after a strong push up from the 2.1x bottom:
Price remains completely above the MA7 cluster (2.664), MA25 (2.502), and MA99 (2.386).
The current correction is essentially a “retest” of the dynamic support zone around 2.66 – 2.68 before the uptrend continues.
Trading plan (Setup):
Entry Zone: 2.650 – 2.680
Stop Loss (SL): 2.590 (If the nearest candle’s wick is broken, then exit)
Take Profit (TP):
- TP1: 2.820
- TP2: 2.930 (Previous 24h high)
- TP3: 3.050+ (Wave extension)
Notes:
Prioritize taking 40–50% at TP1 and move the SL to the Entry to lock in profits.
Wait for the 1H candle close to hold firmly above MA7 for the safest entry.
Guys, do you think this rebound momentum is strong enough to break above the 2.93 high? Leave your thoughts below! 👇
#TRUMP #cryptotrading #BinanceSquare #TechnicalAnalysis
The price structure on the 1H candle is holding up very well after a strong push up from the 2.1x bottom:
Price remains completely above the MA7 cluster (2.664), MA25 (2.502), and MA99 (2.386).
The current correction is essentially a “retest” of the dynamic support zone around 2.66 – 2.68 before the uptrend continues.
Trading plan (Setup):
Entry Zone: 2.650 – 2.680
Stop Loss (SL): 2.590 (If the nearest candle’s wick is broken, then exit)
Take Profit (TP):
- TP1: 2.820
- TP2: 2.930 (Previous 24h high)
- TP3: 3.050+ (Wave extension)
Notes:
Prioritize taking 40–50% at TP1 and move the SL to the Entry to lock in profits.
Wait for the 1H candle close to hold firmly above MA7 for the safest entry.
Guys, do you think this rebound momentum is strong enough to break above the 2.93 high? Leave your thoughts below! 👇
#TRUMP #cryptotrading #BinanceSquare #TechnicalAnalysis