On this TRUMP chart, the bears have backed themselves into a corner!
Look at the whale data: 539 short sellers are raking it in, with huge average profits. The longs are getting crushed. But take a close look at the 4-hour chart: the price just won't fall below the 1.11 bottom, and the MACD is about to make a golden cross!
At this level, I absolutely won't chase shorts! The short side is way too crowded, and the market makers could pump a huge green candle at any moment and liquidate the shorts!
My strategy:
1. Sneak into a long first: Open a small long position around the current price of 1.20, set a stop at 1.10, and aim for 1.30 to catch some short-squeeze profits!
2. Short at a higher level: Wait for a rebound to the 1.30–1.35 resistance zone, then switch to a short, targeting a drop back to 1.11!
$TRUMP
Look at the whale data: 539 short sellers are raking it in, with huge average profits. The longs are getting crushed. But take a close look at the 4-hour chart: the price just won't fall below the 1.11 bottom, and the MACD is about to make a golden cross!
At this level, I absolutely won't chase shorts! The short side is way too crowded, and the market makers could pump a huge green candle at any moment and liquidate the shorts!
My strategy:
1. Sneak into a long first: Open a small long position around the current price of 1.20, set a stop at 1.10, and aim for 1.30 to catch some short-squeeze profits!
2. Short at a higher level: Wait for a rebound to the 1.30–1.35 resistance zone, then switch to a short, targeting a drop back to 1.11!
$TRUMP
