Look at this chart $TRUMP —so red and messy like this, I only dare to open it to see if there’s any setup to “pick up.” 😏 A -11.44% drop in 24h with volume over $77 million looks scary, but when you zoom in, OI has fallen sharply (-23.2%) while the Long ratio is still high (69.5%). That clearly looks like a Long Squeeze to shake out the overly excited longs.
As for the macro picture, the W1 and H4 uptrend structure is still holding, so I slightly lean toward the Long side if price pulls back into the 2.53 - 2.58 zone, where MA99 acts as support. 🧊 The short-term targets are 2.71 first, then 2.95. However, I’m being extremely cautious. If the candle closes below 2.42, then consider this plan wrong—no need to talk much, cut losses. 🎯
The biggest risk right now is that Stoch RSI is at an absolute bottom; it’s very likely to bounce quickly, which could wipe out shorts fast. Guys, stay calm, split your capital and trade—don’t go all-in at a time like this. 👀
So where are you planning to buy the dip—this area, or are you still waiting for an even deeper drop? Comment and I’ll keep discussing. 🤔
#Write2Earn #BinanceFutures #TradingStrategy
(Not investment advice—do your own research)
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As for the macro picture, the W1 and H4 uptrend structure is still holding, so I slightly lean toward the Long side if price pulls back into the 2.53 - 2.58 zone, where MA99 acts as support. 🧊 The short-term targets are 2.71 first, then 2.95. However, I’m being extremely cautious. If the candle closes below 2.42, then consider this plan wrong—no need to talk much, cut losses. 🎯
The biggest risk right now is that Stoch RSI is at an absolute bottom; it’s very likely to bounce quickly, which could wipe out shorts fast. Guys, stay calm, split your capital and trade—don’t go all-in at a time like this. 👀
So where are you planning to buy the dip—this area, or are you still waiting for an even deeper drop? Comment and I’ll keep discussing. 🤔
#Write2Earn #BinanceFutures #TradingStrategy
(Not investment advice—do your own research)
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